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Unit 3 Test
Unit 3 Test Questions
| Question | Answer |
|---|---|
| The law that contains the broadest liabilities for environmental cleanup is the | CERCLA. |
| Which of the following are LEAST likely to have liability under the environmental law? | Real estate educators |
| With regard to the effect of landfills and hazardous waste sites on the value of surrounding properties, the EPA learned that | remedial action can reverse the decline at some sites. |
| What disclosure does the Seller Property Disclosure Statement require? | Type of sewage system on the property |
| Among the MOST common sources of carbon monoxide in a house | are malfunctioning furnaces. |
| Which of the following can protect a buyer from unexpected environmental problems after closing? | Environmental site assessment |
| The MOST important step involved in managing the risk of environmental hazards is to | gather and disseminate authoritative information. |
| What environmental problem is often the cause of the decline of urban values? | Brownfields |
| The purpose of the laws concerning asbestos is to | minimize the release of asbestos fibers during construction and removal. |
| A colorless, odorless gas that is a significant health hazard that occurs as a natural byproduct of combustion is | carbon monoxide. |
| The term encapsulation refers to the | method of sealing disintegrating asbestos. |
| Which of the following describes the process of creating a landfill site? | Waste and topsoil are layered in a pit, mounded up, and then covered with dirt and plants. |
| Contamination from underground storage tanks (USTs) is | addressed by EPA regulations. |
| CERCLA regulations for administration of the Superfund, which helps pay for cleanup of uncontrolled hazardous waste sites, | impose strict, joint and several, and retroactive liability on potentially responsible parties. |
| One method of sealing off disintegrating asbestos is called | encapsulation. |
| What, if anything, is required of a federally funded project? | Environmental site assessment |
| What environmental hazard is found in old air conditioners, refrigerators, and freezers? | Chlorofluorocarbons |
| What is required before any federally funded development project is approved? | Environmental site assessment (ESA) |
| At what time during the real estate transaction are most environment audits conducted? | As a contingency before closing |
| Under the Pennsylvania Sewage Facilities Act, if a property is not serviced by a public sewage system and no community sewage system is available, | a permit for an individual system must be obtained. |
| Which of the following is included in the regulations of the Superfund, which was established to clean up uncontrolled hazardous waste sites? | Provisions for retroactive liability |
| What environmental hazard is particularly dangerous for children younger than six? | Lead-based paint |
| The process of laying two to four feet of soil over the top of a waste disposal site and then planting grass to prevent erosion is called | encapsulation. |
| A property that is stigmatized because it is suspected of containing toxic waste is called | a brownfield. |
| Which sellers are required by Pennsylvania state law to disclose environmental hazards? | Sellers of one- to four-family dwelling units |
| Which of the following are required to be registered and regulated? | Gas station underground tanks |
| The buyers are planning to buy a newly constructed house in a rural area. For what should they definitely test? | The well water |
| When attempting to discover environmental hazards in real estate transactions, licensees can do several things to minimize their professional liability. Which of the following is NOT advisable? | Conducting their own environmental inspections |
| What does the Residential Lead-Based Paint Hazard Reduction Act require? | The seller or the seller’s agent must distribute a federal lead hazard pamphlet. |
| What law created the innocent land owner immunity clause? | Superfund Amendments and Reauthorization Act (SARA) |
| What was the purpose of the Superfund that was created in 1980? | Cleanup uncontrolled hazardous waste sites and to respond to spills |
| The criteria by which a current owner of contaminated property may claim the innocent landowner immunity clause requires that | the property was acquired after the contamination was made. |
| At what level of radon, if any, does the EPA suggest that action be taken? | 4 pCi/L |
| What environmental hazard can cause death very quickly? | Carbon monoxide |
| Who has established guidelines for Phase I and Phase II environmental assessments? | No one |
Created by:
adalieburgard26