CHAPTER SIX QUIZ Flashcards
………… refers to incredulous claims made by sellers or sellers agents to attract potential buyers.
Puffing
The Comprehensive Environmental Response, Compensation and Liability Act (CERCLA), or Superfund, was a federal program established in 1980 to…?
Clean up locations where pollutants were, or could be, hazardous.
Mindy’s buyer has found a great piece of property that she’s interested in, but it’s located on a brownfield site. The buyer wants to know what Mindy thinks about purchasing it. Mindy tells him…?
It could be a great investment, because all around the county brownfield sites have been cleaned up successfully, and there are often favorable financial incentives for developing such sites.
What are telltale signs a drain field may be failing?
Green spongy grass and a strong odor.
How far away from a home’s septic tank must a well be in Tennessee?
50 feet
What do state regulations require property owners do with an abandoned well?
Backfill it.
State law requires that the seller disclose the presence of…?
Asbestos
Fraud may be active or…?
Passive
Major sources of lead contamination come from…?
Mining and manufacturing, and recycling of old materials can contribute to lead levels.
Discovering the presence of lead is…?
Difficult, because contamination cannot be tasted, smelled, or seen
The demographic most threatened by lead poisoning is…?
Children, between one and five years of age.
Chronic toxicity from lead is a result of…?
Continued exposure to even small quantities.
The use of lead-based paint in residential construction was prohibited after what year?
1978
Since lead can be present in drinking water, the best way to find out is…?
The only way to determine if there is lead in drinking water is to have it tested.
Mary is the agent on a home that was built before 1978. It’s likely there is lead present in the house somewhere. The sellers have no knowledge of any lead, and they are very healthy. Should Mary suggest the buyers get the home tested?
Yes, because pre-1978 homes are known to have lead, and it’s a good way to protect all parties.