Property Conditions And Disclosures Flashcards
your seller tells you the roof leaks but after you inspect the property you can’t find a leak
You inform the seller all buyers must be made aware of the leak
Radon is best described as gas produced by:
Radioactive substances
What should you inform a seller who wishes to hide an adverse fact?
All interested parties must be informed of the defect.
Lead-Based Paint Hazard and Reduction Act designates as targeted housing home built prior to
Homes built prior to 1978.
Who handles CERCLA funds for cleanup?
Environmental Protection Agency.
What is the federal designation for low priority urban industrial sites targeted for environmental cleanup?
Brownfield sites.
Asbestos poisoning is most commonly harmful to humans in which way?
Inhaling the airborne fibers
The process to seal disintegrating asbestos material in a building is called?
Encapsulation
What federal law requires landowners to be financially responsible for cleaning up hazardous wastes that have leached onto their land from the neighbor’s land?
EPA Superfund
Which of the following environmental hazards is from leakage near electrical transformers?
asbestos, formaldehyde, and radon, PCB’s
PCB’s
Which environmental hazard can be ‘friable’?
Asbestos, formaldehyde, radon, and PCB’s
asbestos
