Agreement of Sale pages 5 and 6
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Questions and Answers

What is the horizontal isolation distance required between the water supply suction line and the absorption area?

  • 75 feet
  • 50 feet
  • 125 feet
  • 100 feet (correct)
  • In what circumstances can construction of a structure to be served by sewage facilities begin?

  • After a sewage facilities permit is obtained
  • After historical preservation checks are completed
  • Once the seller approves
  • Once local municipality completes a major planning requirement (correct)
  • What is required before construction can begin on a lot without sewage facilities available?

  • Completion of a major planning requirement by the municipality (correct)
  • Seller's approval
  • Zoning board approval
  • Historical preservation approval
  • What is the purpose of the Pennsylvania Right-To-Farm Act mentioned in the text?

    <p>To prevent nuisance lawsuits against normal agricultural operations</p> Signup and view all the answers

    What benefit do properties enrolled in the Clean and Green Program receive?

    <p>Preferential property tax assessment</p> Signup and view all the answers

    What does the Open Space Act enable counties to do?

    <p>Enter into covenants with owners to preserve designated lands as open space</p> Signup and view all the answers

    Why is it important for the Buyer and Seller to contact the County Tax Assessment Office before executing the Agreement?

    <p>To determine the property tax implications of the sale</p> Signup and view all the answers

    Which program protects agricultural resources and limits nuisance lawsuits against normal agricultural operations?

    <p>Pennsylvania Right-To-Farm Act</p> Signup and view all the answers

    What is required of the seller before an agreement of sale is signed?

    <p>To disclose financial implications to potential buyers</p> Signup and view all the answers

    Which type of real estate transfers fall under the Real Estate Seller Disclosure Law?

    <p>Lease with an option to buy</p> Signup and view all the answers

    What type of property disclosures are limited for condominiums and cooperatives?

    <p>Disclosures regarding the seller's unit(s)</p> Signup and view all the answers

    What does a 'residential real estate transfer' involve according to the text?

    <p>Any transfer involving up to four residential units</p> Signup and view all the answers

    What is exempt from disclosures according to the Real Estate Seller Disclosure Law?

    <p>Disclosures about the specific seller's unit(s)</p> Signup and view all the answers

    What kind of real estate interests are not required to disclose common areas or facilities?

    <p>Condominium and cooperative interests</p> Signup and view all the answers

    What does a change in financial status encompass according to the text?

    <p>All of the above</p> Signup and view all the answers

    How does applying for an additional financial obligation impact Buyer's ability to purchase?

    <p>It decreases the ability to purchase</p> Signup and view all the answers

    What does the Seller represent about the Property's water status?

    <p>Served by public water, community water, or on-site water</p> Signup and view all the answers

    Which sewage disposal system option does the Seller NOT mention representation for?

    <p>Municipal Waste Treatment Center</p> Signup and view all the answers

    What does Notice 1 related to the Pennsylvania Sewage Facilities Act specify?

    <p>Availability of a community sewage system</p> Signup and view all the answers

    What is NOT included as a Seller representation regarding the status of Sewer?

    <p>Compost Toilet System</p> Signup and view all the answers

    What does the term 'Internet of Things (IoT)' refer to in the context of the text?

    <p>Devices that can connect to the internet and form a digital ecosystem</p> Signup and view all the answers

    What action does the Seller agree to take before settlement regarding data on IoT devices?

    <p>Clear all data stored on IoT devices located on the Property</p> Signup and view all the answers

    What is expected of Seller's personal devices that are connected to IoT devices on the Property before settlement?

    <p>Be disconnected and cleared of relevant data</p> Signup and view all the answers

    What is prohibited after settlement regarding any remaining IoT devices on the Property?

    <p>Accessing any remaining IoT devices by the Seller or their agents</p> Signup and view all the answers

    What responsibility does Buyer assume following settlement regarding IoT devices on the Property?

    <p>Clear all stored data from any remaining IoT device(s)</p> Signup and view all the answers

    In the context of the text, why is it important for Seller and Buyer to address data on IoT devices?

    <p>To prevent unauthorized access to personal information</p> Signup and view all the answers

    In your own words, briefly explain pages 5 and 6 as if you were explaining it to a buyer. (Role Play)

    Signup and view all the answers

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