CA Real Estate Principles Course » 2021 » Section 18 Unit 1 Exam

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Question #1
Your client, Eric, is interested in purchasing an industrial property to start a new business. You've recommended that soil, air, and water testing be done, but Eric is on a tight budget and doesn’t feel these tests are necessary. What should you do?
A.   Perform the tests yourself.
B.   Keep records of your recommendations and a written response from Eric.
C.   Refuse to be a part of the transaction.
D.   Support Eric in his decision and do nothing further.
Question #2
If you suspect there might be an environmental issue with a property you're selling but you're not sure, what should you do?
A.   Sell the property as quickly as possible and cash that commission check.
B.   Ask a lot of questions, ask for help, and disclose everything if issues do exist.
C.   Refuse to sell the property.
D.   Ignore your hunch; it's not your responsibility.
Question #3
Mercedes is assisting a buyer who wants to purchase a home in a particular neighborhood. When looking at homes with her client, where should Mercedes look for potential environmental concerns?
A.   Inside the home and other structures
B.   The outdoor areas of the property
C.   At her broker's office
D.   The area where the home is built, outside the home, and inside the home
Question #4
A licensee must understand risks and provide disclosure of known environmental issues. A licensee must also do which of the following?
A.   Be an expert in every aspect of environmental science.
B.   Know when to ask questions.
C.   Hire professional inspectors.
D.   Perform environmental testing.

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