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