National - Property Disclosures

Which one of the following property features could contaminate the soil?

Underground storage tanks

Your buyers love the 1891 Victorian they have under contract, but they want to get both the water and the paint tested as soon as possible. What are they testing for in both water and paint?

Lead

Which statement about lead-related health problems is true?

Lead may cause behavioral problems, learning disabilities, seizures, and, in extreme cases, death

Which of the following is a common problem with roof shingles?

discoloration or curling

The house that Rhema is considering purchasing is on a perfectly level lot, which is what attracted her to the home after years of living on a hill. It also has a lovely creek at the back of the 60-foot yard. What might Rhema have to purchase if she buys this home?

flood insurance

Which one of the following statements about asbestos is true?

no amount is considered safe

Which statement about radon testing is true?

test kits are available for purchase

The seller disclosure indicates that the central air conditioning unit is 26 years old. Why might this worry Margot's buyers?

the unit may need to be replaced

Which of the following is a planning and zoning issue that most prospective buyers might need to know?

the zoning designation for the. given property

While walking around the exterior of a rural home she's inspecting, Juanita noticed a metal vent pipe sticking out of the ground 25 feet from the house. She documents this because it may be a sign of what potential environmental hazard?

underground storage tank

Which of these items around the fireplace could be a clue that there is a problem?

Cracked or sloping firebox or hearth

What must sellers provide prospective buyers of homes built prior to 1978, in addition to the federally required disclosure form?

EPA lead safety pamphlet

What hazard do mining activities, landfills, or agricultural pesticides contribute to?

Ground water contamination

Wendell just listed Barb's home. Barb told him that there weren't any easements on the property, and Wendell hasn't seen a copy of the survey. What is Wendell's responsibility relative to the disclosure of any easements?

He only needs to disclose easements if they're known

The fibers of what material are dangerous when inhaled because they can lodge in the lungs and intestines, causing cancer?

Asbestos

Which of the following properties requires a lead disclosure?

Duplex built in 1959

Marlon and Leah are interested in buying a home in a new homeowner opportunity area. The 100-year-old row house was renovated and is like new on the inside. The property taxes decreased by more than $5,000 last year. What's the likely reason for this?

Tax abatement

Which of the following scenarios describes information that a licensee must disclose?

The seller didn't disclose any leaks, but the licensee sees moisture on the basement floor

Which of the following statements about material facts is true?

a material fact may have more or less effect on a buyer based on the buyer's needs and values

Mike relocated for work and learned that the region in which he planned to buy a home had many old underground mines. In fact, Mike might even need to purchase mine subsidence insurance. What might a home inspector flag for Mike if there are any concerns about undermining?

a sinkhole on the property