45-HR. CA REAL ESTATE PRACTICE COURSE » Summer 2021 » Section 11 Unit 5 Exam

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Question #1
Many supplementary statutory disclosures will be included in the ____________ when provided by a third-party company.
A.   Natural Hazards Disclosure statement
B.   Agent Visual Inspection Disclosure
C.   Seller Property Questionnaire
D.   Real Estate Transfer Disclosure Statement
Question #2
Ted is selling his home near a golf course. His agent provides a prospective buyer with the booklet Residential Environmental Hazards: A Guide for Homeowners, Buyers, Landlords, and Tenants. Ted happens to know that pesticides used on the golf course can sometimes drift into his open windows if the wind is right, causing his whole family to have trouble breathing. Does he need to disclose this?
A.   Yes, Ted and his agent need to disclose specific environmental hazards
B.   No, but Ted should have a word with the managers of the golf course
C.   No, providing the booklet absolves him of a responsibility to disclose specific hazards
D.   No, this issue is not a problem if the windows are closed
Question #3
Federal law requires disclosures about what potential hazard in residential properties built prior to 1978?
A.   Arsenic
B.   Lead
C.   Asbestos
D.   Radiation
Question #4
The _____________ is a good resource for determining if certain disclosures are required for a specific transaction.
A.   California DRE Publications
B.   C.A.R. Sales Disclosure Chart
C.   State Attorney General's Office
D.   California Civil Code

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