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PA RE Fundamentals Quiz -3 Questions and Answers 100% Correct
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PA RE Fundamentals Quiz -3
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PA RE Fundamentals Quiz #3Homebuyers rarely base their decisions on the desire for fresh air, clean water, and
enjoyable outdoor recreation.
a. True
b. False - answerB. FALSE
Changing lifestyles, industries, and technologies have altered our environment. The
more scientists learn about health risks, the more demanding people become that their
surroundings be free of harmful substances. A growing number of buyers base their
decisions in part on the desire for fresh air, clean water, and enjoyable outdoor
recreation.
An environmental impact statement (EIS) must be performed on any project that
involves more than 25 acres.
a. True
b. False - answerB. FALSE
An environmental impact statement (EIS) must be performed for any federally funded
project.
Real estate licensees should recommend that developers and buyers of commercial
properties hire and environmental auditor perform an environmental assessment.
a. True
b. False - answerA. TRUE
Real estate licensees are not expected to have the technical expertise necessary to
discover the presence of environmental hazards; they should recommend hiring
scientific or technical experts.
It is possible that an unaware property owner may be held responsible for the cost of
cleaning up a hazardous site.
a. True
b. False - answerA. TRUE
Innocent landowners might be held responsible even though they did not know about
the presence of environmental hazards. Purchasers may be held liable even if they
didn't cause the contamination.
, Federal standards exist for the amount of permissible mold contamination.
a. True
b. False - answerB. FALSE
Currently there are no federal requirements to disclose mold contamination. Buyers
should be aware that sellers cannot disclose what they do not know; buyers should be
prepared to discover mold contamination, if that is a concern to them.
Lead can be ingested from indoor water supplies because of lead pipes and lead solder
used in old plumbing systems.
a. True
b. False - answerA. TRUE
Ingestion of lead dust occurs from the hands by a crawling infant or inhalation by any
occupant of a structure. Lead can also be ingested from indoor water supplies because
of lead pipes and lead solder used in old plumbing systems.
The use of lead-based paint in residential structures was banned in 1962.
a. True
b. False - answerB. FALSE
The use of lead-based paint in residential structures was banned in 1978. Real estate
licensees involved in the sale, management, financing, or appraisal of properties
constructed before 1978 face potential liability for any personal injury that an occupant
may suffer. Known lead-based paint hazards must be disclosed.
In Pennsylvania, the Department of Health and Human Services oversees the state's
laws that deal with environmental problems.
a. True
b. False - answerB. FALSE
Although the EPA was created at the federal level to oversee environmental problems,
several other federal agencies' areas of responsibility generally overlap. In
Pennsylvania, the Department of Environmental Protection oversees the state's laws.
The Environmental Protection Agency (EPA) provides for the rehabilitation of
contaminated properties that have sat idle because of significant pollution associated
with their past use.
a. True
b. False - answerB. FALSE
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