Chapter 8

Question 1

What does CERCLA addresses?
a. Physical sources of the government
b. Closed, abandoned waste sites
c. Clean Air Act
d. Clean Water Act

Answer 1

b.Closed, Abandoned waste sites

Question 2

Poor air Quality causes:
a. black mold symptoms
b. Sick building syndrome
c. Dizziness
d. Cancer

Answer 2

b. Sick building syndrome

Question 3

The Residential Lead-Based Paint Hazard Reduction Act
a. asks landlords to sell property
b. asks landlords to remove lead on properties
c. requires sellers and landlords to disclose known lead paint hazards for homes build before 1978
d. asks sellers to cover problem areas before selling

Answer 3

c. requires sellers and landlords to disclose known lead paint hazards for homes build before 1978

Question 4

Underground storage tanks(USTs)
a.store food and shelter for tornadoes
b.store a variety of substances, such as heating oil, gasoline, chemicals, and hazardous waste
c. store minerals
d. store fireworks

Answer 4

b.store a variety of substances, such as heating oil, gasoline, chemicals, and hazardous waste

Question 5

Linkages
Time-distance relationship to services between properties and services that people in the market rely on, such as schools, employment, and shopping.

Question 6

Government forces that influence value in real estate market
* Government services
*Revenue generating law(right of taxation)
*Right to regulate laws(police power)
*Government fiscal and monetary policies
*Secondary mortgage markets and government mortgage programs