Chapter 5 Flashcards
1
Q
Any action brought under the Oklahoma Residential Property Condition Disclosure Act shall be commenced within how long?
A
2 years after the date of transfer of real property subject to this act.
2
Q
What does The Superfund Amendments and Reauthorization Act of 1986 (SARA) do?
A
Defines who is liable to pay for the cleanup of environmentally impacted properties.
3
Q
Who regulates Home Inspectors?
A
Oklahoma State Department of Health
4
Q
Once the seller has completed the Seller’s Property Condition Disclosure Form, it is good for
A
180 days
5
Q
What type of property is exempt from delivering a disclaimer or disclosure statement to the purchaser?
A
Triplex - only 1-2 dwelling untis.
