Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

ahora si es que es > Property disclosures #8 > Flashcards

Property disclosures #8 Flashcards

1
Q

what indicates that property was used for waste disposal?

A

Soft sport and mounds

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Encroachment

A

is when someone, illegally places an object or structure on another person’s property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Random

A

Occurs naturally in the environment and can be found on soil and water

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Asbestos

A

a material that is dangerous and when it deteriorates becomes friable. was used in many materials before 1970s. Inhaled materials can damage the lungs over time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Mold

A

growth by excessive moisture and lack of air circulation

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Lead

A

is in paintings, plumbing, dust, soil, and drinking water. kids can dye easily if are near this substance. it causes many health issues, behavior problems and even death

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Avent pipe popping out of the ground may be a sign of?

A

and underground storage tank

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

a sinkhole or settling may be a sign of?

A

mine subsidence

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

buyers have how many days to text the painting in a house to see if there is lead in the painting water etc.

A

10 days

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Adverse material fact

A

negative property information that could reduce its value

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Latent effect

A

Is a hidden property that is not likely to be discovered thought a normal inspection

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

actual knowledge

A

information that it is known about a house

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Home inspection contingency

A

gives the buyer the right to have the home insepected within a specified period of time

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

test kits are available for purchase for what type of hazard

A

random

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

If full disclosure states, the …. is responsible for completing a disclosure form

A

seller

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

which of the following is a common chimney or fireplace problem?

A

crosote

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

The property management agreement is between the_____

A

The property manager and the owner. It outlines the duties and responsibilities of both

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

A lease is a ____?

A

Binding contract that allows the tenant to occupy (not own) a property

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Security deposit are used to ____?

A

Maker repairs if the tenant moves out and leves the unit in poor condition

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Ministerial act

A

This means the licensee May assist a customer in completing or fulfilling a contract and must treat the customer would honesty and fairness

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What is the disclosure / disclaimer statement?

A

Is when the seller is selling the home (as is) and provides no warranties that the home is in good conditions

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

Brokers must complete about ____ hour licensing course requirement and pass the borders exam

A

135 hours

23
Q

You can reinstate you license after it expired withing ____ after it expires

A

3 years

24
Q

Salesperson are required to complete ____ hours of continuing education (CE) every 2 years

A

15 hours

3 hours of agency, and ethics, legislative updates

1.5 hours of fair housing

4 5 hours of electives

25
Q

Brokers must complete 15 hours of CE, including 3 hours of broker supervision but only ____ hours of electives

A

1.5 hours

26
Q

Purchase money mortgage

A

Allows the buyer to retain title of the property, but the seller has security interest in the property

27
Q

What is done to a landfill that is put out of commission?

A

It is capped

28
Q

Licenses show encourage all buyers to obtain_____ an additional test as necessary, even on _____ construction

A

Home inspections ,New

29
Q

_____ can help determine the trey condition of a property

A

Home inspections

30
Q

Is one of the best ways to protect the buyers earnest money

A

A home inspections contingency

31
Q

Standing water percent more than 24 hours after heavy rain or ground slopping towards the house may indicate ______

A

Drainage problems

32
Q

Mulch mounted against a house or other structure with wood frame siding can hold moisture against the siding, leading to _____

A

Wood rot

33
Q

____ Leave behind a sawdust like material called frass when they burrow through wood

A

Carpenter ants

34
Q

Many small holes through wooden beams could indicate the princess off _____

A

Wood boring beetles

35
Q

The presence of _____ in walls may indicate termite infestation

A

Mud tunnels

36
Q

Lead is most often found in _____ and ____

A

Water and paint

37
Q

Caveat emptor

A

Seller makes no representations as to the property condition that let the buyer be aware

38
Q

Information that must be disclosed by the licensee is anything that meets the maap standard

A

Material, adverse, action knowledge, of the physical condition of a property

Tells the lens and see what to disclose

39
Q

Gifts about your the right to have the home inspector in a specific time. About 10 days

A

Home inspection contingency

40
Q

Which statement about random it’s true?

A

Test kits are available for purchase

41
Q

What is a common chimney or fireplace problem

A

Crosot

42
Q

FIRPTA

A

Notice to seller who are 4-in persons or non-residents about IRS income tax requirements

43
Q

Exclusive right to represent

A

Offers the highest level of representation

44
Q

Property disclosure statement

A

Identifies any defects for information about the condition of the property known by the seller

45
Q

Exclusive agency agreement

A

No commission is owed the agent if the seller finds the buyer

46
Q

A listing agreement

A

Is a binding contract that you and your seller of a property enter into when the seller agreed to have you represent them as their listing agent that is binding and must be in Britain and signed by all parties

47
Q

One general rule of the federal do-not-call regulations is that:

A

it is illegal to make an unsolicited phone call to a number listed on the national registry.

48
Q

Desk cost

A

is the total operating expenses of a brokerage or branch office divided by the total number of licensees in that same office.

49
Q

In most states, by paying the debt after a foreclosure sale, the mortgagor has the right to regain the property. What is this right called?

A

Statuary right of redemption

50
Q

In most states, by paying the debt beforeequi a foreclosure sale, the mortgagor has the right to regain the property. What is this right called?

A

Equitable right of redemption

51
Q

During a site evaluation to determine property value, all of the following factors are important to consider, topography, acceso to utility and the property size and shape
EXCEPT ______.

A

Neighborhood demographic

52
Q

Which of the following could indicate a problem with the chimney flue or ventilation?

A

Drafts near the fireplace can indicate a problem with the flue or ventilation. Buyers will need to know the condition of the fireplace and chimney, since they may face issues after they buy the home.

53
Q

What’s the purpose of a firewall?

A

It prevents hackers from infecting your system with viruses, worms, and malware.

ahora si es que es (14 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions