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UNIT 8-A INVESTMENTS, INCOME TAX AND ENVIRONMENTAL ISSUES. Exam Questions With Correct Answers $10.49   Add to cart

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UNIT 8-A INVESTMENTS, INCOME TAX AND ENVIRONMENTAL ISSUES. Exam Questions With Correct Answers

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UNIT 8-A INVESTMENTS, INCOME TAX AND ENVIRONMENTAL ISSUES. Exam Questions With Correct Answers What must a property manager deliver to the tenant when renting a residential property that was constructed prior to 1978? A lead paint addendum attached to the lease A copy of the federal Fair Hous...

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  • November 13, 2024
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  • 2024/2025
  • Exam (elaborations)
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  • INVESTMENTS, INCOME TAX AND ENVIRONMENTAL
  • INVESTMENTS, INCOME TAX AND ENVIRONMENTAL
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©THEBRIGHT EXAM SOLUTIONS

11/05/2024 12:06 PM


UNIT 8-A INVESTMENTS, INCOME TAX
AND ENVIRONMENTAL ISSUES. Exam
Questions With Correct Answers



What must a property manager deliver to the tenant when renting a residential property that was
constructed prior to 1978?



A lead paint addendum attached to the lease

A copy of the federal Fair Housing Law

An environmental site assessment

A list of the last three tenants - answer✔A lead paint addendum attached to the lease

Which of the following is commonly found in minute airborne particles when it becomes friable?



Radon

Asbestos

Carbon monoxide

Urea-formaldehyde - answer✔Asbestos

Mold can be associated with:



airtight windows

insulation

inferior grade building materials

low moisture conditions - answer✔airtight windows

, ©THEBRIGHT EXAM SOLUTIONS

11/05/2024 12:06 PM

A property is designated as being within a Superfund site, but the property receives water from wells
that are NOT contaminated. The broker must:



not disclose that it is within a Superfund site

make the disclosure but can provide information about the water

not make the disclosure because the broker represents the seller

refer the buyer to the Environmental Protection Agency - answer✔make the disclosure but can provide
information about the water

A broker selling a property that was built in 1952 must be sure that the buyer receives a notice
concerning:



radon

asbestos

formaldehyde

lead-based paint - answer✔lead-based paint

The Comprehensive Environmental Response Compensation and Liability Act (CERCLA) established:



a homeowner's responsibility to clean up polluted property

the Environmental Protection Agency

Superfunds to bear costs of cleaning up contaminated sites

state environmental standards - answer✔Superfunds to bear costs of cleaning up contaminated sites

A method used to treat asbestos is called:

ventilation

encapsulation

capping

evaporation - answer✔encapsulation

A brownfield that causes a loss in value to neighboring properties is an example of:

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