Larkin Willis
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Environmental Issues in Real Estate

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Larkin Willis
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Superior School Chapter 6

Superior School Chapter 6

Question 1 of 18

1

In regulations regarding lead-based paints, HUD requires that:

Select one of the following:

  • all owners of properties built prior to 1978 test for its presence

  • paint must be removed from surfaces before selling

  • known paint hazards must be disclosed

  • only licensed contractors may engage in removal of any lead-based paint

Explanation

Question 2 of 18

1

The purpose of CERCLA is:

Select one of the following:

  • to create liability and a pool of funds for the cleanup of environmental hazards

  • to regulate the distribution and handling of hazardous materials

  • to inform the public of environmental hazards

  • to regulate the disclosure of environmental hazards in real estate transactions

Explanation

Question 3 of 18

1

A colorless, odorless gas that emanates from the ground and can build to dangerous toxic levels in homes is called:

Select one of the following:

  • asbestos

  • carbon monoxide

  • radon

  • helium

Explanation

Question 4 of 18

1

A seller has indicated to the listing agent that the heating closet area is lined with asbestos. The seller tells the listing agent that the asbestos was tested and since it was not friable posed no environmental hazard. Which of the following would be an appropriate comment for the listing agent to make to prospective buyers?

Select one of the following:

  • There is no dangerous asbestos in this home.

  • The asbestos was tested and poses no danger to anyone who occupies the home.

  • The home has asbestos.

  • I am not aware of any dangerous asbestos in the home.

Explanation

Question 5 of 18

1

The entity in North Carolina that is responsible for environmental and natural resources is:

Select one of the following:

  • NCREC

  • NCDENR

  • Superfund

  • CERCLA

Explanation

Question 6 of 18

1

All of the following are correct regarding Superfund and CERCLA, EXCEPT:

Select one of the following:

  • once a site has been determined to be a Superfund site, the disclosure lasts forever

  • Superfund imposes strict liability

  • current and past owners can be jointly and severally liable

  • only the current owner of a property is liable for its cleanup

Explanation

Question 7 of 18

1

The federal mandatory 10-day inspection period for lead-based paint in pre-1978 residences applies to: I. properties for sale or exchange II. properties for rent or lease

Select one of the following:

  • I only

  • II only

  • Both I and II

  • Neither I nor II

Explanation

Question 8 of 18

1

Asbestos is most dangerous to consumers and homeowners when:

Select one of the following:

  • it is wet

  • it is not friable

  • it is moved or relocated

  • it is encapsulated

Explanation

Question 9 of 18

1

What is the best way to correct the possible problems that a home may experience in regard to the buildup of radon gas?

Select one of the following:

  • ventilation

  • removal of the soil

  • increasing the amount of the home's insulation

  • radon cannot be remediated once it is present

Explanation

Question 10 of 18

1

Under federal law, the mandatory inspection period regarding lead-based paint is:

Select one of the following:

  • 3 days

  • 5 days

  • 10 days

  • 15 days

Explanation

Question 11 of 18

1

The process of covering a dump site with soil is known as:

Select one of the following:

  • capping

  • encapsulation

  • backfilling

  • restructuring

Explanation

Question 12 of 18

1

How is the human body affected by exposure to lead-based paint?

Select one of the following:

  • it develops cancer

  • it causes brain damage

  • it causes leukemia

  • it causes mesothelioma

Explanation

Question 13 of 18

1

The disease created by the breathing in of friable asbestos fibers is:

Select one of the following:

  • mesothelioma

  • brain damage

  • kidney damage

  • heart disease

Explanation

Question 14 of 18

1

The Comprehensive Environmental Response, Compensation and Liability Act (CERCLA) contains all of the following provisions, EXCEPT:

Select one of the following:

  • the ACT created a national database of hazardous waste sites

  • the ACT created joint and several liability for all current and past owners of the property

  • the ACT imposes strict liability for a property owner

  • the ACT requires mandatory inspections for hazardous waste prior to any transfer or purchase of the property

Explanation

Question 15 of 18

1

Properties built prior to 1978 require a lead based paint disclosure at the time of sale or rental of the property. All of the following are true regarding lead based paint and its disclosure, EXCEPT:

Select one of the following:

  • the buyer has 10 days within which to conduct any inspections for lead based paint.

  • the disclosure form must be completed by the seller and signed by both the seller and the buyer.

  • the disclosure is to be accompanied with a brochure on the dangers of lead based paint.

  • a lead based paint test is mandatory and sellers are required to remediate for any lead based paint dangers.

Explanation

Question 16 of 18

1

When a hazardous waste site or landfill has been topped off with 3-4 feet of soil this is a process called:

Select one of the following:

  • reclamation

  • wildcat dumping

  • capping

  • CERCLA contamination

Explanation

Question 17 of 18

1

Radon is found across the country. According to the EPA, which of the following is correct?

Select one of the following:

  • Radon is created by manufactured insulation materials used prior to 1978.

  • Ventilation of the home cannot solve a problem with radon.

  • Radon is produced by uranium deposits found underground.

  • Radon can be detected by the rotten egg odor of the gas that is produced.

Explanation

Question 18 of 18

1

Environmental issues in North Carolina are regulated and administered by:

Select one of the following:

  • The North Carolina Development Council (NCDC)

  • The North Carolina Continuing Management Agency (CAMA)

  • The North Carolina Department of Environmental & Natural Resources (NCDENR)

  • The North Carolina Environmental Protection Agency (NCEPA)

Explanation

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