Ch 18, 19, 20, 21, 22

Question 1

Lead – based paint

Answer 1

Any surface coating containing at least 1.0 milligram per square centimeter of lead, or 0.5% lead by weight

Question 2

Lead – based paint hazard

Answer 2

Any condition that causes exposure to lead from lead – contaminated does, soil or paint which has a tear rated to the point of causing adverse human health effects.

Question 3

True or false:

homes made prior to 1978 Typically have lead based paint

Answer 3

True

Question 4

Before closing lender still has a – – to disclose property defects known to them at the time of the foreclosure sale.

Answer 4

Common-law duty

Question 5

What does the transfer disclosure statement disclose?

Answer 5

It discloses the sellers and agents knowledge about the present physical condition of the property.

Question 6

Does the seller’s agent have affirmative duty to voluntarily disclose information to a potential buyer regarding a prior occupant who is death, from any cars, occurred on the real estate more than three years prior to the purchase offer?

Answer 6

No

Question 7

True or false: the seller or agent has no affirmative duty to voluntarily disclose information to a potential buyer regarding a prior occupant who was affiliated with the HIV virus or aids

Answer 7

True

Question 8

Homeowners association HOA

Answer 8

And organization made up of owners of units with any common interests development see ID which manages and operates the project through enforcement of conditions, covenants and restrictions.

Question 9

Regular assessments

Answer 9

Recurring HOA assessment switch from the operating budget to pay for the cost of maintaining the common areas

Question 10

Extraordinary expense

Answer 10

And emergency situation lifting the limits placed on the amount an HOA made charge for regular and special assessment

Question 11

Special assessments

Answer 11

They are levied to pay for the cost of repairs and replacements that exceed the amount anticipated in funded by the regular assessments

Question 12

Pro forma operating budget

Answer 12

A budget which discloses the amount of assessments collected by an HOA, It’s cash reserves and whether special assessments are anticipated to occur.

Question 13

Home inspection report HIR

Answer 13

Your report prepared by a home inspector disclosing Defects in improvements on the property and used by the seller’s agent to complete a TDS and a sure perspective buyers about the properties condition

Question 14

Home inspector

Answer 14

Hey professional employed by a home inspection company to inspect and advise on the physical condition of property improvements in a home inspection report for reliance by the seller, the seller’s agent and the buyer as a warranty of the condition of improvements.

Question 15

Material defect

Answer 15

Information about the property which might affect the price and terms of prudent buyer is willing to pay for a property

Question 16

Home energy audit

Answer 16

An audit conducted by Home energy raider evaluating the energy efficiency of the home

Question 17

California home energy rating system HERS

Answer 17

California state system used to create a standard rating for energy efficiency and certified professional raters

Question 18

Structural pest control SPC report

Answer 18

A report disclosing any active infestation’s damage from infestation’s or conditions which may lead to infestations.

Question 19

Separated report

Answer 19

A report issued by a structural pest control company which is divided into section I items, noting active infestation’s in section II items, noting adverse conditions which may lead to an infestation

Question 20

Pest control certification

Answer 20

A certificate of clearance by the structural pest control company indicating the property is free of past infestation or infection in the visible and accessible areas, commonly called a termite clearance.

Question 21

Inaccessible areas

Answer 21

Areas of a structure which cannot be inspected without opening the structure or removing the objects blocking the opening, such as attics or areas without adequate crawlspace.