Chapter 3 - Environmental Issues in Real Estate

Question 1

One method of sealing off disintegrating asbestos is called

Answer 1

encapsulation

Question 2

Which of the following is the MOST obvious risk from a hazardous substance to the purchaser or occupant of a property?

• Financial Risk
• Cost of abating the hazard compared to the value of the property.
• Personal Injury
• Devaluation of Property

Answer 2

• Personal Injury

Question 3

Which of the following is NOT true about asbestos?

• It was commonly used as insulation
• Removal can cause further contamination of a building
• The Department of Housing and Urban Development (HUD) requires all asbestos-containing materials to be removed from the residential buildings
• It is most dangerous when it is airborne.

Answer 3

-The Department of Housing and Urban Development (HUD) requires all asbestos-containing materials to be removed from the residential buildings

Question 4

The MOST common source of lead poisoning found in residential property is

Answer 4

-alkyd oil-based paint

Question 5

In regulations regarding lead-based paints, HUD requires that

Answer 5

-known paint hazards be disclosed.

Question 6

What environmental hazard is found in old air conditioners, refrigerators, and freezers?

Answer 6

-Chlorofluorocarbons

Question 7

At what level of radon, if any, does the Envronmental Protection Agency (EPA) suggest that action be taken?

Answer 7

4pCi/L

Question 8

What environmental hazard is often fatal?

Answer 8

Carbon Monoxide

Question 9

Contamination by underground storage tank is

Answer 9

regulated by the Environmental Protection Agency (EPA)

Question 10

Electromagnetic fields …

Answer 10

are suspected of causing cancer and other health problems.

Question 11

Which of the following is NOT true about underground water contamination?

• It is not a major problem in the United States
• Any contamination can threaten the supply of pure, clean water for private wells and public water systems.
• Protective state and federal laws concerning water supply have been enacted.
• Real estate licensees need to be aware of potential contamination

Answer 11

-It is not a major problem in the United States

Question 12

Which of the following is included in the regulations of the Superfund, which was established to clean up uncontrolled hazardous-waste-sites?

• Exemptions to responsibility for neighboring properties
• Release of liability for owners who were not responsible for contamination
• No provisions for recovery reimbursement for cleanup costs
• Provisions for retroactive liability

Answer 12

-Provisions for retroactive liability

Question 13

What environmental hazard is particularly dangerous for children younger than six?

Answer 13

Lead-Based Paint

Question 14

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

Answer 14

capping

Question 15

What is stigmatized property suspected of containing toxic waste called?

Answer 15

Brownfield