Chapter 6 Flashcards
A Natural Hazard Disclosure (NHD) needs to disclose whether the listed property is located within _________ of a proposed airport when the NHD is prepared by an NHD expert.
a. one mile
b. two miles
c. three miles
d. None of the above.
B
flood zone designated with the letter(s) ___ is subject to mandatory flood insurance requirements.
a. A
b. V
c. Both a and b.
d. Neither a nor b.
C
An NHD requires a seller and the seller’s agent to disclose to a buyer whether they have any knowledge that the property is in an earthquake fault zone.
a. True
b. False
A
Section I items on a Structural Pest Control report (SPC) are conditions which will likely lead to infestation.
a. True
b. False
B
Areas that do not need to be inspected during an SPC inspection include:
a. attics with inadequate crawl space.
b. floors covered by carpet.
c. Both a and b.
d. Neither a nor b.
C
A federally mandated Environmental Hazards Disclosure form is used to give a buyer notice of environmental hazards on or near the listed property.
a. True
b. False
B
A seller is required to investigate or have a survey conducted to determine the existence of asbestos on the property.
a. True
b. False
B
A seller has a duty to investigate whether their property contains toxic mold.
a. True
b. False
B
Unless a seller agrees to eliminate any lead-based paint (LBP) hazards, the seller does not have a duty to clean up a hazard.
a. True
b. False
A
Lead-based paint was banned by the Federal Consumer Product Safety Commission in:
a. 1940.
b. 1973.
c. 1978.
d. 1996.
C
