Section 11: Unit 3: Environmental Hazards and Other Property Impacts

Prakesh and Jean have always wanted to renovate an old home. They found a Victorian that hasn't been lived in for years and are considering making an offer. Their agent warns them that the property as it stands now may not be insurable. Which of the following might make it uninsurable? The 100-year-old wiring The crumbling driveway The lack of closets The slate roof

The 100-year-old wiring

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? Capped well Radon vent system Septic system Underground storage tank

Underground storage tank

Which of the following may be considered a stigmatized property? A home that has been on the market for more than one year A home where a homicide, suicide, or haunting occurred A home with a panic room A home with no basement

A home where a homicide, suicide, or haunting occurred

Jon and Talia are artists who are looking for a home with a backyard that is big enough for them to build a studio. Which of the following properties might they want to stay away from? A lot that is adjacent to or partially on wetlands A lot with a gentle slope A property that is 1,200 feet from an interstate highway A treed lot

A lot that is adjacent to or partially on wetlands

Which of the following properties requires a lead disclosure? Commercial building built in 1960 Duplex built in 1959 Duplex built in 1979 Single-family home built in 1999

Duplex built in 1959

A prospective buyer is curious why a previous owner is selling such a perfect home. The licensee knows that the previous owner recently died due to complications from AIDS. How should the licensee respond to the prospective buyer's inquiry? The licensee can disclose that the owner had AIDS but can't reveal whether the owner died from the disease. The licensee can obtain permission from the seller to reveal the previous owner's AIDS diagnosis. The licensee can share that the previous owner died from AIDS. The licensee can't disclose that a previous owner had HIV or AIDS.

The licensee can't disclose that a previous owner had HIV or AIDS.

As Brandon's listing agent, Lily must disclose all known material facts relative to Brandon's property. Which of the following is a zoning-related fact that Lily might have to disclose to prospective buyers? Brandon's subdivision was farmland back in the 1950s. The property is right in the middle of a historic preservation district. The zoning board may require the developer to include parklands in the neighborhood expansion. Two of the residents on Brandon's street have in-home occupations.

The property is right in the middle of a historic preservation district.

Why would buyers want to know whether a property is currently experiencing a tax abatement? Buyers don't want to know whether a property is experiencing a tax abatement. The current tax amount will be indicative of future years' taxes. Their taxes are likely to increase when the abatement period ends. Their taxes will go down when the abatement period ends.

Their taxes are likely to increase when the abatement period ends.

What is the most common way that asbestos enters the body? Asbestos coating in water pipes can contaminate drinking water, which is then ingested. Asbestos in paint can be released into the air as the paint peels, which is then inhaled or ingested. When asbestos fibers decay or are disturbed, the friable particles can be inhaled. When rocks and soil decay, asbestos gas is released, which is then inhaled.

When asbestos fibers decay or are disturbed, the friable particles can be inhaled. **Asbestos is a fibrous material found in certain types of tile, insulation, and siding. The fiber particles become friable and can damage the lungs if inhaled.

Janine, a professional home inspector, notices a lot of small holes burrowed into a home's attic beams. This could indicate the presence of which pest? Fire ants Slugs Wood-boring beetles Wood wasps

Wood-boring beetles