front 1 CERCLA regulations for administration of the Superfund, which helps pay for cleanup of uncontrolled hazardous waste sites, | back 1 impose strict, joint and several, and retroactive liability on potentially responsible parties. |
front 2 MOST seller property disclosures are required for | back 2 only residential properties |
front 3 Special disclosure rules apply in the sale or lease of residential dwellings built before 1978 because of the possible presence of | back 3 lead-based paint. |
front 4 Defunct, derelict, or abandoned commercial or industrial sites, many of which are suspected to contain toxic wastes, are called | back 4 brownfields. |
front 5 Asbestos dust can cause | back 5 lung disease. |
front 6 Capped landfills have been used as | back 6 parks and golf courses |
front 7 With the exception of the innocent landowner, liability under the Superfund is | back 7 strict, joint and several, and retroactive. |
front 8 Regarding the federal Lead-Based Paint Hazard Reduction Act, which statement is TRUE? | back 8 A disclosure statement must be attached to all sales contracts and leases involving residential properties built before 1978. |
front 9 Underground storage tanks (USTs) are commonly found on sites where | back 9 petroleum products are used or where gas stations and auto repair shops are or were located. |
front 10 Federal underground storage tank (UST) regulations require that | back 10 liquid petroleum tanks that store at least 10% of their volume underground be in compliance. |
front 11 Tombs buried deep underground contain materials such as | back 11 radioactive waste. |
front 12 A method of sealing off disintegrating asbestos is called | back 12 encapsulation. |
front 13 Which of the following describes the process of creating a landfill site? | back 13 Waste and topsoil are layered in a pit, mounded up, and then covered with dirt and plants. |
front 14 All of the following may contribute to the growth of mold EXCEPT | back 14 low humidity. |
front 15 Real estate professionals and their buyers should be particularly alert to evidence of the presence of an underground storage tank (UST), such as | back 15 fill pipes and stained soil. |
front 16 The EPA requires that water suppliers report any situation that poses a public health risk within how many hours of its discovery? | back 16 24 hrs |
front 17 Environmental audits | back 17 May occur at any state in a transaction |
front 18 If environmental hazards are discovered and the landowner had no previous knowledge of their existence, | back 18 the landowner might still be held responsible. |
front 19 Federal and state laws regarding storage of hazardous substances or liquid petroleum products apply to underground storage tanks that have at LEAST what percentage of their volume underground? | back 19 10% |
front 20 When a release or a threat of release of a hazardous substance has occurred on a property, under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), the responsible party for cleanup is | back 20 the landowner. |
front 21 Under CERCLA, as amended, the rule that regardless of whether hazardous contamination is the result of the landowner's actions or those of others, the owner can be held responsible for the cleanup, | back 21 does not apply to someone who is an innocent landowner. |
front 22 The parties to a real estate transaction should be aware that many older tanks have never been registered | back 22 and may not comply with federal and state laws. |
front 23 The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) is administered and enforced by | back 23 the Environmental Protection Agency. |
front 24 Groundwater that exists under the earth's surface forms the water table, which is | back 24 the natural level at which the ground becomes saturated. |
front 25 A federally funded project requires | back 25 an environmental impact statement. |
front 26 Exposure to risk as it relates to environmental hazards is created for individuals involved in other aspects of real estate transactions, such as | back 26 real estate appraisers. |
front 27 The EPA requires that water suppliers report any health risk situation within | back 27 24 hrs |
front 28 All of the following are true about underground water contamination EXCEPT | back 28 it is a minor problem in the United States |