Real Estate Fundamentals - Chapter 3: Environmental Concerns And Hazards

15 Questions | Total Attempts: 98

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Environment Quizzes & Trivia

Questions and Answers
  • 1. 
    Absestos had been used extensively as a component in building materials until 1987, when the federal EPA (Environmental Protection Agency) imposed restrictions limiting its use.  
    • A. 

      True

    • B. 

      False

  • 2. 
    Even though recent studies show inconsistent and inconclusive results of living near high-tension electrical wires and electro-magnetic fields, real estate agents need to be aware that many buyers will want to know about such potential concerns and will avoid buying homes in such areas. Disclosure should automatically be made known to all prospective buyers.
    • A. 

      True

    • B. 

      False

  • 3. 
    Since most people in the United States live in urban and suburban areas, contamination of ground water is not a major environmental concern. Only about 10% of properties in the US depend upon ground water for drinking purposes.
    • A. 

      True

    • B. 

      False

  • 4. 
    The Safe Drinking Water Act of 1974 was passed to exercise greater control of contaminants and take legal action against property owners who obtain their drinking water from private wells.
    • A. 

      True

    • B. 

      False

  • 5. 
    In 1978 lead-based paint was banned from use in painting homes. Under the 1996 federal law, known as the Residential Lead- Based Hazard Reduction Act, the Agreement of Sale must include the provision to disclose any known information about existing lead paint to the purchaser, as well as give to the purchaser a lead hazard brochure.
    • A. 

      True

    • B. 

      False

  • 6. 
    Radon is a common radioactive gas and can enter one's house only if the foundation of the house has been disturbed over time through settling.
    • A. 

      True

    • B. 

      False

  • 7. 
    Recently the Environmental Protection Agency (EPA) estimates that perhaps as many as two million of the over five million underground storage tanks in this country are leaking some form of hazardous substance.
    • A. 

      True

    • B. 

      False

  • 8. 
    Since property owners have no control over the deterioration of underground storage tanks, property owners are not legally liable for soil and water contamination of any property affected by leaking underground storage tanks.
    • A. 

      True

    • B. 

      False

  • 9. 
    According to the Consumer Product Safety Commission, urea formaldehyde foam insulation (UFFI) used in paint and coating products, adhesives used to bond pressed wood, plywood, the resins in draperies and wood and particularly in the foam used since 1970s to insulate homes does cause skin rashes and eye irritation but has never been suspected to cause cancer in animals or humans.
    • A. 

      True

    • B. 

      False

  • 10. 
    Carbon monoxide gas can cut off the supply of oxygen and cause death in as short a time as one half hour, therefore every property owner should take action agsinst the presence of carbon monoxide in the home by purchasing one or more carbon monoxide detectors.
    • A. 

      True

    • B. 

      False

  • 11. 
    The most significant law affecting the disposal of hazardous wastes is the Superfund Law of 1980 officially known as the "Comprehensive Environmental Response, Compensation, and Liability Act" (CERCLA). This law was a direct result of the toxic, hazardous wastes that were dumped into the infamous Love Canal, located in the city of Niagra Falls, NY.
    • A. 

      True

    • B. 

      False

  • 12. 
    The Superfund Amendments and Reauthorization Act (SARA) was passed by the federal government in 1986. This law set up a fund of money for the EPA to assist in the cleanup of lead-based paint sites and support to help rid urban homes of radon.
    • A. 

      True

    • B. 

      False

  • 13. 
    If there is a possibility of the presence of mold, the real estate agent should inform the prospective buyer of that fact and it might be used as leverage in obtaining a good price for the buyer.
    • A. 

      True

    • B. 

      False

  • 14. 
    Because of the Pennsylvania law known as the Real Esatate Seller's Disclosure Act (1996), any seller who intends to transfer an interest in residential real property shall disclose to the buyer all material defects to the property including environmental concerns and hazards.
    • A. 

      True

    • B. 

      False

  • 15. 
    It is completely acceptable for real estate agents to give opinions on environmental issues, including the existence or non-existence of environmental concerns or hazards. Indeed, this is just being a good real estate agent.
    • A. 

      True

    • B. 

      False

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