Real Estate QUIZ THREE
An agent need not disclose to a buyer that: A. a former owner had AIDS. B. there was a death by murder or suicide on the property more than 3 years ago. C. both A or B. D. neither A nor B.
both A or B.
An agent's inspection under Easton v. Strassburger (as codified by state statutes) applies to A. visual inspections. B. accessible areas only. C. 1 to 4 residential units. D. all of these.
all of these.
A selling agent must comply with agency disclosures to the buyer A. before the buyer executes an offer. B. upon delivery of the seller's acceptance. C. prior to qualifying the buyer. D. prior to showing property.
before the buyer executes an offer.
Which seller(s) must provide a Real Estate Transfer Disclosure Statement? A. The Seller of a lot. B. The seller of a 4-unit apartment building. C. The seller of a 16-unit apartment building. D. All of these.
B. The seller of a 4-unit apartment building.
Which statement regarding earthquake safety disclosure is TRUE? A. It applies only to homes built before 1930. B. The buyer can waive her right to a hazards report. C. It applies to 1-4 unit residential properties. D. Delivery of a copy of "The Homeowner's Guide to Earthquake Safety" is evidenced by an affidavit from the agent.
It applies to 1-4 unit residential properties.
A Transfer Disclosure Statement must be provided to the buyer when the sale involves A. a vacant lot. B. a commercial building. C. a 3-unit residential building. D. a 16-unit residential building.
a 3-unit residential building.
The proper order of the steps taken in agency disclosure is A. disclose, elect, confirm. B. confirm, elect, disclose. C. elect, confirm, disclose. D. elect, disclose, confirm.
disclose, elect, confirm.
A fiduciary relationship applies to a real estate licensee and to A. the Department of Real Estate. B. his or her principal. C. buyers only. D. all parties the agent has dealings with.
his or her principal.
Real estate disclosure laws apply A. to buyer disclosure only. B. uniformly to all real estate transactions. C. to disclosures to principals only. D. primarily for 1 to 4 residential units.
primarily for 1 to 4 residential units.
Compliance with environmental hazards disclosure requires A. that the Alquist-Priolo Act be complied with. B. that the seller post a bond to cover damages by hazards discovered at a later date. C. the buyer sign that they have received a booklet titled Environmental Hazards: A Guide for Homeowners, Buyers, Landlords, and Tenants. D. chemical tests of the soil for all dangerous contaminants.
the buyer sign that they have received a booklet titled Environmental Hazards: A Guide for Homeowners, Buyers, Landlords, and Tenants.