Chapter 5

Question 1

Any action brought under the Oklahoma Residential Property Condition Disclosure Act shall be commenced within how long?

Answer 1

2 years after the date of transfer of real property subject to this act.

Question 2

What does The Superfund Amendments and Reauthorization Act of 1986 (SARA) do?

Answer 2

Defines who is liable to pay for the cleanup of environmentally impacted properties.

Question 3

Who regulates Home Inspectors?

Answer 3

Oklahoma State Department of Health

Question 4

Once the seller has completed the Seller’s Property Condition Disclosure Form, it is good for

Answer 4

180 days

Question 5

What type of property is exempt from delivering a disclaimer or disclosure statement to the purchaser?

Answer 5

Triplex - only 1-2 dwelling untis.