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PCF - Chp. 4 Questions with 100% Correct Answers , Verified , Latest Update 2024 ,Graded A+, Complete solution $7.99   Add to cart
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PCF - Chp. 4 Questions with 100% Correct Answers , Verified , Latest Update 2024 ,Graded A+, Complete solution
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PCF - Chp. 4 Questions with 100% Correct Answers , Verified , Latest Update 2024 ,Graded A+, Complete solution

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  • August 2, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • pcf chp 4 questions with 100 correct answers

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  • PCF
  • PCF

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PCF - Chp. 4
__ __ __ are commonly referred to as home warranty companies - ANS-Residential
Service Companies

(Addendum Lead-Based) PARAGRAPH A. LEAD WARNING STATEMENT: -
ANS-Houses built prior to 1978, this notice states that lead exposure can be found in
paint.

(Addendum Lead-Based) PARAGRAPH B. SELLER'S DISCLOSURE - ANS-Select the
correct box to check that either they do or do not know of lead-based paint or
lead-based paint hazards

(Addendum Lead-Based) PARAGRAPH C. BUYER'S RIGHTS - ANS-Buyer to indicate
whether Buyer waives the right to conduct a risk assessment or inspection.

(Addendum Lead-Based) PARAGRAPH D. BUYER'S ACKNOWLEDGMENT -
ANS-Buyer will verify in check box that he or she has received copies of all information
mentioned above, and has received a copy of the pamphlet "Protect Your Family From
Lead in Your Home."

(Addendum Lead-Based) PARAGRAPH E. BROKER'S ACKNOWLEDGMENT: -
ANS-Broker must inform Seller of the seller's need to:
(a) provide Buyer with the above named pamphlet on lead poisoning prevention
(b) complete this addendum
(c) disclose if Seller is aware of lead-based paint and/or lead based paint in or on the
property
(d) deliver all records and reports to Buyer concerning lead-based paint and/ or
lead-based paint hazards in the property (e) give Buyer 10 days to have property
inspected by an inspector of Buyer's choice
(f) keep a copy of this addendum for at least 3 years following the sale of the subject
property. Brokers must ensure compliance.

(Addendum Lead-Based) PARAGRAPH F. CERTIFICATION OF ACCURACY: -
ANS-Certification that everybody is aware that the addendum is correct. The broker,
seller, and buyer signs this.

, (Earnest Money Requirement) PARAGRAPH 5. EARNEST MONEY: What is the format
to write this? - ANS-Amount of earnest money, name and address of the title company.
If additional, enter the amount and then the amount of days.

(Environmental Assessment) PARAGRAPH A, what does the box mean? -
ANS-Environmental assessment - Box is checked if the buyer wishes to obtain it.

(Environmental Assessment) PARAGRAPH B, what does the box mean? -
ANS-Checked if Buyer is concerned that there may be threatened or endangered
species or their habitat on the site

(Environmental Assessment) PARAGRAPH C means that? - ANS-If there is a concern
regarding wetlands, Buyer will want to do an assessment.

(Property Condition) D(1) means? - ANS-Buyer accepts property in its present condition

(Property Condition) D(2) means? - ANS-The buyer accepts the property in its present
condition provided that the seller complete certain specific repairs and treatments

(Property Condition) PARAGRAPH 7.A. ACCESS, INSPECTIONS AND UTILITIES -
ANS-Seller allows the buyer to run any inspections as wanted during a reasonable time.

(Property Condition) PARAGRAPH 7.B. SELLER'S DISCLOSURE NOTICE
PURSUANT TO § 5.008, TEXAS PROPERTY CODE (NOTICE): - ANS-Sellers
disclosure should be given to the buyer prior to making the offer. This comes with three
options:

PARAGRAPH 7.B.(1) The buyer has received the notice. This is the most desirable
option if the seller is obligated to provide a seller's disclosure.

PARAGRAPH 7.B.(2) The Buyer has not received the notice, and can terminate for any
reason up to 7 days after receiving the notice or prior to closing whichever occurs first.

PARAGRAPH 7.B.(3) If the seller is not required to provide the notice, check this box.

(Property Condition) PARAGRAPH 7.C. SELLER'S DISCLOSURE OF LEAD-BASED
PAINT AND LEAD- BASED PAINT HAZARDS: - ANS-Houses built prior to 1978 must
have the lead based paint addendum attached to the contract.

(Property Condition) PARAGRAPH 7.D? - ANS-Acceptance of property condition

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