CA Real Estate Principles Course » 2021 » Section 18 Unit 3 Exam

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Question #1
An abandoned or otherwise unused commercial or industrial site that contains suspected contaminants is known as a what?
A.   A Brown Zone
B.   A space that cannot be used
C.   A brownfield
D.   A special use landfill
Question #2
In addition to its potential health hazards, what is a common consequence of a brownfield’s presence in a community?
A.   Increased interest in development
B.   Decreased state regulatory oversight
C.   Decreased property values
D.   Increased wetlands and groundwater reserves
Question #3
Sam and Monique knew that the old industrial site that they purchased needed some environmental cleanup, but they don’t have the cash and put cleanup on hold. The EPA hired its own crew to deal with groundwater issues because of industrial solvents and billed Sam and Monique $164,000 when the job was complete. If Sam and Monique don’t pay the bill, which one of the following could happen?
A.   The EPA can seek damages in court for up to three times the actual cleanup costs.
B.   The EPA will have to find the former owners of the site and bill them.
C.   Sam and Monique will forfeit their ownership rights to the site and will be forced to foreclose.
D.   The EPA will have to fund the cleanup itself.
Question #4
What is a Superfund site?
A.   A site paid for by state taxes
B.   A commercial property landscaping project
C.   A site identified by the EPA as requiring remediation of hazardous waste spills
D.   A property with "green" improvements that cost over $1 million

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