CHAPTER 5 AND 6 SKILL BUILDER Exam with Complete Solutions | Rated A+

CHAPTER 5 AND 6 SKILL BUILDER

Exam with Complete Solutions | Rated

A+


A high rise condominium property is advertised as having the "Most

beautiful view of the city". This ad is best described as:

A. REASONABLE EXAGGERATION

B. PUFFING

C. FACT

D. MISRESPRESENTATION - ✔✔B. PUFFING

WHICH OF THE FOLLOWING FACT ABOUT A LISTED PROPERTY

MUST BE DISCLOSED?

A. DEATH DUE TO STRUCTURAL DEFTECTS

B. DEATH DUE TO HIV

C. SUICIDE ON THE PROPERTY

D. A SEX OFFENDER LIVES NEXT DOOR - ✔✔A. DEATH DUE TO

STRUCTURAL DEFECTS

A lead paint disclosure is required for all properties built before:

, A. 1968

B. 1972

C. 1978

D. 1995 - ✔✔C. 1978

WHICH OF THE FOLLOWING STATEMENTS ABOUT LEAD IS NOT

TRUE?

A. THE LEAD PAINT DISCLOSURE IS REQUIRED FOR ALL

PROPERTIES BUILT BEFORE 1978

B. THE LEAD PAINT DISCLOSURE ALOWS AN INSPECTION FOR 10

DAY AFTER THE DATE OF THE CONTRACT

C. THE LEAD PAINT DISCLOSURE ALLOWS A BUYER TO WAIVE THE

RIGHT TO AN INSPECTION

D. THE PROPERTY OWNER MUST REMEDIATE THE PRESENCE OF

LEAD - ✔✔D. THE PROPERTY OWNER MUST REMEDIATE THE

PRESENCE OF LEAD

CERCLA is administered by:

A. THE EPA

B. THE CFPB

C. HUD

D. THE SUPERFUND - ✔✔A. THE EPA