Podcast
Questions and Answers
Does the seller have any responsibilities regarding lead-based paint?
Does the seller have any responsibilities regarding lead-based paint?
True
What other hazards may be present in Jessica's potential new home? (Select all that apply)
What other hazards may be present in Jessica's potential new home? (Select all that apply)
Asbestos was found in most construction until what year?
Asbestos was found in most construction until what year?
The Lead-Based Paint Hazard Reduction Act (LBPHRA) of 1992 requires disclosure of lead-based paint hazards.
The Lead-Based Paint Hazard Reduction Act (LBPHRA) of 1992 requires disclosure of lead-based paint hazards.
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The Environmental Protection Agency (EPA) is authorized to set national health-based standards for drinking water.
The Environmental Protection Agency (EPA) is authorized to set national health-based standards for drinking water.
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The water table is the natural level at which the ground is saturated.
The water table is the natural level at which the ground is saturated.
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Farm and residential storage tanks that hold 1,100 gallons or less of motor fuel used for noncommercial purposes are exempt from federal regulations.
Farm and residential storage tanks that hold 1,100 gallons or less of motor fuel used for noncommercial purposes are exempt from federal regulations.
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Underground storage tanks (USTs) are exempt from federal regulations if they hold less than 110 gallons.
Underground storage tanks (USTs) are exempt from federal regulations if they hold less than 110 gallons.
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Capping is the process of pouring two to four feet of concrete over the top of the landfill site.
Capping is the process of pouring two to four feet of concrete over the top of the landfill site.
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Defunct, derelict, or abandoned commercial or industrial sites are called brownfields.
Defunct, derelict, or abandoned commercial or industrial sites are called brownfields.
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The Superfund was created by the Comprehensive Environmental Response, Compensation, and Liability Act in 1980.
The Superfund was created by the Comprehensive Environmental Response, Compensation, and Liability Act in 1980.
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The Superfund Amendments and Reauthorization Act (SARA) created an 'innocent landowner' immunity status.
The Superfund Amendments and Reauthorization Act (SARA) created an 'innocent landowner' immunity status.
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An ecological site assessment, commonly called Phase 1 or Phase 2, is performed to show that due care was exercised.
An ecological site assessment, commonly called Phase 1 or Phase 2, is performed to show that due care was exercised.
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In most states, a real estate professional may be liable if they knew of a hazardous condition.
In most states, a real estate professional may be liable if they knew of a hazardous condition.
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Tanks that are exempt from federal regulation do NOT include
Tanks that are exempt from federal regulation do NOT include
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Which of these is responsible for administering the Superfund?
Which of these is responsible for administering the Superfund?
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A hole lined with clay or a synthetic liner to prevent leakage of waste material describes what?
A hole lined with clay or a synthetic liner to prevent leakage of waste material describes what?
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Individuals have suffered health problems due to exposure to formaldehyde EXCEPT:
Individuals have suffered health problems due to exposure to formaldehyde EXCEPT:
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Real estate professionals should be particularly alert to evidence of underground storage tanks (UST) such as:
Real estate professionals should be particularly alert to evidence of underground storage tanks (UST) such as:
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Under the EPA classification, PRPs are:
Under the EPA classification, PRPs are:
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Groundwater, which exists under the earth's surface, forms the water:
Groundwater, which exists under the earth's surface, forms the water:
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Encapsulation is often a better solution than removal of which hazardous material?
Encapsulation is often a better solution than removal of which hazardous material?
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The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) is administered by:
The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) is administered by:
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Which of these would disqualify someone from claiming innocent landowner immunity under SARA?
Which of these would disqualify someone from claiming innocent landowner immunity under SARA?
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According to the U.S. General Accounting Office, brownfields plague communities and:
According to the U.S. General Accounting Office, brownfields plague communities and:
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The flame-resistant chemical compounds used in electrical equipment are known as:
The flame-resistant chemical compounds used in electrical equipment are known as:
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Which of the following is FALSE about asbestos?
Which of the following is FALSE about asbestos?
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How can property owners help avoid carbon monoxide exposure?
How can property owners help avoid carbon monoxide exposure?
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Lead-based paint disclosure is:
Lead-based paint disclosure is:
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What is the purpose of the Brownfields Law enacted in 2002?
What is the purpose of the Brownfields Law enacted in 2002?
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Nontoxic, nonflammable chemicals used as refrigerants are:
Nontoxic, nonflammable chemicals used as refrigerants are:
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In a landfill, after waste is laid on the liner, what is done next?
In a landfill, after waste is laid on the liner, what is done next?
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Groundwater forms the water table, which is:
Groundwater forms the water table, which is:
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A prospective buyer of commercial property should include what in an offer?
A prospective buyer of commercial property should include what in an offer?
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Capping is the method of:
Capping is the method of:
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Many older tanks in a real estate transaction have never been registered and:
Many older tanks in a real estate transaction have never been registered and:
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The safest water is usually provided from:
The safest water is usually provided from:
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Underground storage tanks (USTs) are commonly found where?
Underground storage tanks (USTs) are commonly found where?
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CERCLA regulations for Superfund help pay for cleanup and do NOT include:
CERCLA regulations for Superfund help pay for cleanup and do NOT include:
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The federal legislation to protect public health regarding drinking water supply is:
The federal legislation to protect public health regarding drinking water supply is:
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At least how much of a tank must be underground for it to be considered an underground storage tank?
At least how much of a tank must be underground for it to be considered an underground storage tank?
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Who should real estate professionals rely on for sound environmental information?
Who should real estate professionals rely on for sound environmental information?
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Under CERCLA, landowners can be held responsible for cleanup regardless of their actions.
Under CERCLA, landowners can be held responsible for cleanup regardless of their actions.
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The federal underground storage tanks (UST) program is regulated by:
The federal underground storage tanks (UST) program is regulated by:
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Federally funded projects require:
Federally funded projects require:
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To avoid liability associated with environmental issues, the real estate professional should:
To avoid liability associated with environmental issues, the real estate professional should:
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The process used to extract natural gas from deep layers of rock is known as:
The process used to extract natural gas from deep layers of rock is known as:
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All of the following are true about underground water contamination EXCEPT:
All of the following are true about underground water contamination EXCEPT:
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What causes mold problems in buildings?
What causes mold problems in buildings?
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Study Notes
Lead-Based Paint and Responsibilities
- Beatrice cautioned Jessica about potential lead-based paint hazards in older homes, emphasizing seller's obligations for disclosure.
- Lead-based paint disclosure is required by federal law for residential properties.
Environmental Hazards
- Various environmental hazards may exist in homes, including mold, radon, and asbestos.
- Mold problems in buildings are primarily caused by chronic moisture.
Asbestos Regulations
- Asbestos was widely used in construction until its ban in 1978.
- HUD does not mandate testing all residential buildings for asbestos materials.
Superfund and Environmental Protection
- The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) established Superfund to manage hazardous waste sites and spills.
- Superfund Amendments and Reauthorization Act (SARA) provides "innocent landowner" immunity in specific conditions.
Groundwater and Water Supply
- The water table is the natural saturation level of ground, often susceptible to contamination.
- Municipal water supplies are typically the safest source of drinking water.
- Federal regulations exempt tanks of specific capacities from oversight, including tanks under 110 gallons.
Underground Storage Tanks (USTs)
- USTs are often found at sites where petroleum products are utilized, like gas stations.
- Tanks must be at least 10% underground to be classified as USTs.
Real Estate Practices
- Environmental assessments should be included as contingencies in commercial property offers.
- Real estate professionals could be liable for known hazardous conditions, regardless of seller disclosures.
Regulatory Framework and Compliance
- Environmental assessments, such as Phase 1, ensure due diligence regarding environmental impairments.
- Federally funded projects require an environmental impact statement (EIS).
Health Risks and Mold
- Exposure to formaldehyde can lead to various health issues, excluding mold infections which are caused by moisture.
Contamination and Liability
- Owners of contaminated properties can be held responsible for cleanup regardless of their involvement in the contamination.
- CERCLA imposes strict liability on potentially responsible parties (PRPs) involved with hazardous waste.
Climate Change Implications
- The fracking process is used for extracting natural gas from deep rock layers, raising environmental concerns.
Brownfields and Community Impact
- Brownfields negatively affect property values and community health, prompting legislative efforts for cleanup and redevelopment.
Asbestos Remediation
- Encapsulation is often preferred for managing asbestos rather than removal due to potential contamination risks.
Compliance and Best Practices
- Real estate professionals should collaborate with technical experts for reliable environmental information to minimize risk in property transactions.
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Description
Test your knowledge on potential hazards in older homes such as lead-based paint, mold, radon, and asbestos. This quiz covers essential responsibilities of sellers regarding existing hazards. Perfect for anyone studying real estate or preparing for home inspections.
