Chapter 6 Part 1: Important Points Flashcards
IP Floor System
Starts with the sill plate nailed to the foundation system. Wood joists support the subfloor material.
Footings
Support the foundation wall and, subsequently, the entire weight of the structure. The height of the foundation wall determines if the house has a crawl space or full basement.
IP Wall Framing
Almost exclusively 2” x 4” studs placed 16” on center. The most common wall-framing system is the platform method. Alternative methods are balloon or post-and-beam framing.
IP Roof Structural Skeleton
Usually built ceiling joists and framing members called rafters
IP Electrical Power
Is brought to the house through outside cables and delivered through a series of conductors to the house wiring system. Amperage is the amount of current flowing through the wire. Amperage required for different electrical uses is calculated in watts or kilowatts.
IP Construction Standards
At all levels of government directly impact the transfer, development, and proposed improvements to land.
IP Homes that are built with any program of federal financing such as FHA-insured and VA-guaranteed loans
Must be approved in advance and inspected by the appropriate agency as construction proceeds.
IP The Interstate Land Sales Full Disclosure Act
Regulated by HUD, covers the sale of unimproved lots in interstate commerce to prevent fraudulent schemes in selling land sight-unseen.
IP Federal Laws concerning the environment include
Clean Air Act, the Safe Drinking Water Act and the National Environmental Policy Act.
IP New York laws affecting construction include
Article 9-A of the Real Property Law, which addresses the sale of vacant subdivided land in New York and outside of New York when sold on the installment plan.
IP The New York State Department of Environmental Conservation.
The regulatory agency in New York that oversees much of the environmental conservation law in New York.
IP R-Value
Refers to how various types of insulations are rated.
IP The New York State Department of Health has specific laws and regulations governing…
Municipal drinking water, private water distribution systems, and on-site wastewater treatment systems.
IP Cities, Counties, and other local governing units may impose
Land use regulations and building codes.
IP Due Diligence inspections and reviews of property are conducted
Because liability for problems with property may become the responsibility of the new owner upon transfer of title.
IP Preparations for property development and construction must conform with
Zoning laws. Planning boards require a site plan and building specifications before development can begin. A building permit must be obtained before construction and a certificate of occupancy must be obtained before individuals may reside in the property.
IP Cluster development
Provides for PUDs, which create a neighborhood of zoned cluster housing and supporting business establishments. Other types of zoning include exclusive-use, nonconforming and spot zoning.
IP Eminent domain
The government’s power to take land for public use when it is used for the public benefit.
IP Building inspections are conducted by governmental units
To ensure that the structures meet the specifications of the building code.
IP Contingency agreements in contracts for purchase and sale render them contingent upon certain
Structural, environmental, and pest-infestation inspections.
IP It is not the duty of the broker to verify all representations by the owner.
However, if the broker knows or has reason to know that the owner has not disclosed a material defect, then a broker must disclose the information.
IP Brokers must disclose any material defects of which they have knowledge to a prospective purchaser.
Liability may be imposed upon the agent for concealing defects or failing to disclose the existence of defects.
IP Under the New York Real Property Law
Real estate licensees must inform sellers that a disclosure statement be provided to the buyer or buyer’s agent before the seller’s acceptance of the purchase offer.
IP The Residential Lead-based Hazard Reduction Act of 1992
Requires sellers or their agents to disclose the presence of lead-based paint, allow a mutually agreeable 10-day period for inspection, and provide a prescribed pamphlet outlining the dangers of lead-based paint. The Act applies to pre-1978 residential properties only.
