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10 Cards in this Set
- Front
- Back
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1. The federal lead-based paint (LBP) disclosure is required on all __________ residential construction. pg 126 a. pre-1978 b. post-1978 c. pre-1995 d. post-1995 |
a. pre-1978 |
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2. A(n) ___________ is any condition that causes exposure to lead from lead-contaminated dust, soil or paint which has deteriorated to the point of causing adverse human health effects. pg 127 a. natural hazard b. lead-based paint hazard c. oil-based paint hazard d. neighborhood security hazard |
b. lead-based paint hazard |
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3. ______________ are exempt from federal lead-based paint (LBP) disclosure requirements. pg 129 a. Residential properties built prior to 1968 b. Single family residences built after 1970 c. Foreclosure sales of residential property d. Resales of housing previously acquired by the lender at a foreclosure sale |
c. Foreclosure sales of residential property |
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4. A real estate agent has no affirmative duty to voluntarily disclose information to a potential buyer regarding a prior occupant whose death occurred on the real estate more than __________ years prior to the purchase offer. pg 132 a. one b. two c. three d. An agent always need to disclose a death. |
c. three |
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5. Ownership of a unit in a condominium project includes compulsory membership in: pg 135 a. the local trade union. b. the homeowners’ association (HOA). c. Facebook. d. the board of directors. |
b. the homeowners’ association (HOA). |
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6. ___________ levied by a homeowners’ association (HOA) fund the operating budget to pay for the cost of maintaining the common areas. pg 137 a. Special assessments b. Regular assessments c. Mello Roos assessments d. Extraordinary assessments |
b. Regular assessments |
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7. Any individual who holds themselves out as being in the business of preparing a home inspection report on a one-to-four unit residential property is referred to as a(n): pg 142 a. appraiser. b. home inspector. c. handyman. d. subcontractor. |
b. home inspector. |
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8. A statement by a structural pest control (SPC) company indicating the property is free of infestation in the visible and accessible areas is referred to as a: pg 147 a. Certificate of Completion. b. Certificate of Occupancy. c. Pest Elimination Voucher. d. Pest Control Certification. |
d. Pest Control Certification. |
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9. Brokers owe a fiduciary duty to the client to use __________ in a continuous effort to meet the objective of the employment. pg 151 a. due diligence b. minimal effort c. moderate caution d. general competence |
a. due diligence |
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10. All records of an agent’s activities on behalf of a buyer or seller during the listing period are to be retained by the agent’s broker for: pg 155 a. one year. b. two years. c. three years. d. four years. |
c. three years. |
