Unit 21:Environmental Issues And The Real Estate Transaction

Question 1

A fire- resistant mineral that was once used extensively as insulation and to strengthen other materials. Is….

Answer 1

Asbestos

Question 2

______ is highly friable, meaning that as it ages, asbestos fibers easily break down into tiny, very light filaments that stay in the air a long time when it is disturbed or exposed.

Answer 2

Asbestos

Question 3

The sealing off of disintegrating asbestos, is an alternate method of asbestos control that may be preferable to removal in certain circumstances, provided the condition of the encapsulated asbestos is monitored periodically or make sure it is not disintegrating.

Answer 3

Encapsulation

Question 4

What year was lead based paint prohibited?

Answer 4

1978

Question 5

A naturally occurring, colorless, odorless, tasteless, and radioactive gas produced by the decay of other radioactive substances.

Answer 5

Radon

Question 6

___ has been classified as a Class A known carcinogen

Answer 6

Radon

Question 7

A colorless chemical with a strong, pronounced odor, is used widely in the manufacture of a building materials and many household products because of its preservative characteristics.

Answer 7

Formaldehyde

Question 8

______ is classified as a “probable human carcinogen”

Answer 8

Formaldehyde

Question 9

A colorless, odorless,, and tasteless gas that occurs as a byproduct of-product of burning fuels such as wood, oil, and natural gas, owing to incomplete combustion.

Answer 9

Carbon monoxide

Question 10

Consists of more than 200 chemical compounds that are not found naturally in nature. Flame resistant and often used in electrical equipment.

Answer 10

Polychlorinated biphenyls (PCBs)

Question 11

Nontoxic, nonflammable chemicals used as refrigerants in air conditioners, refrigerators, and freezers are…

Answer 11

Chlorofluorocarbons (CFCs)

Question 12

_____ can be found almost anywhere and can grow on almost any organic substance, as long as moisture, oxygen, and an organic food source are present.

Answer 12

Mold

Question 13

____ feeds mold growth

Answer 13

Moisture

Question 14

____, water that exists under the earths surface within the tiny spaces or crevices in geological formations

Answer 14

Ground water

Question 15

____ is the natural level at which the ground is saturated

Answer 15

Water table

Question 16

Commonly found on sites where petroleum products are used or where gas stations and auto repair shops are located

Answer 16

Underground Storage Tanks (UST)

Question 17

Tanks that are exempt from the federal regulations are…

Answer 17

Tanks on or above the floor underground areas, such as basements or tunnels.

Question 18

_______ are defunct, derelict, or abandoned commercial or industrial sites, many of which may contain toxic waste.

Answer 18

Brownfields

Question 19

Created in 1980 and established the superfund.

Answer 19

(CERCLA) Comprehensive Environmental Response , Compensation, and Liability Act.

Question 20

What is the superfund used for?

Answer 20

To clean up hazardous waste sites and to respond to spills

Question 21

Often performed on a property to show that due care was exercised in determining whether any environmental repairs exist.

Answer 21

Environmental Site Assessment (ESA)

Question 22

A ________ is requested first to determine whether any potential environmental problems exist at or near the subject property that may cause impairment.

Answer 22

Phase 1 ESA

Question 23

A ______ includes soil, water, and other testing, and is performed if warranted

Answer 23

Phase 2 ESA