Glendale Community College » Real Estate » Real Estate 101 - Real Estate Principles » Fall 2021

Real Estate 101 - Real Estate Principles » Fall 2021 » Chapter 5 Quiz

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Question #1

According to SBSA, which of the following statements is true?

A. The physical condition of the land and improvements being purchased are guaranteed by seller or broker.

B. The physical condition of the land and improvements being purchased are not guaranteed by seller or brokers.

C. The physical condition of the land and improvements being purchased are guaranteed by seller only. Broker is off the hook.

D. The physical condition of the land and improvements being purchased are guaranteed by broker only.

Question #2

According to the SBSA, whose responsibility is it to conduct thorough investigation of the property, both personally and with appropriate professionals?

A. Neither buyer, nor seller

B. Seller

C. Buyer

D. Both buyer and seller

Question #3

Which of the following is NOT a section title used on the SBSA?

A. Investigation of physical conditions

B. Local suggestions and opinions

C. Property use and ownership

D. Offsite and neighborhood conditions

Question #4

Buyer and seller are advised that confirming the exact location of easements, access, and encroachments on or to the property may be possible if:

A. the buyer visits neighbors and asks them.

B. the broker has expertise in this area and creates a report.

C. the buyer hires a licensed surveyor during buyer’s inspection contingency period.

D. the seller guesses about what is reported and not reported.

Question #5

Under E, subsection 11. CONTRACT RELATED ISSUES AND TERMS discusses all of the following, EXCEPT:

A. liquidated damages.

B. schools.

C. arbitration.

D. mediation.

Question #6

Under C, subsection 8. the OFF-SITE AND NEIGHBORHOOD CONDITIONS includes:

A. golf course disclosure.

B. solar panel leases.

C. zoning.

D. arbitration.

Question #7

Under A, subsection 5. INSPECTIONS, in addition to a general inspection, a buyer might be advised to seek additional expertise from all of the following professions, EXCEPT:

A. chimney sweeps.

B. plumbers.

C. electricians.

D. dentists.

Question #8

Under A, subsection 7. PETS AND ANIMALS, odors from animal urine or other contamination may be dormant for long periods of time and then become active because of:

A. stirring up odors from moving.

B. heat.

C. random phenomena.

D. cold temperatures.

Question #9

Under A, subsection 10. SQUARE FOOTAGE, LOT SIZE, BOUNDARIES, AND SURVEYS, who is responsible for determining the square footage of a piece of property?

A. Seller

B. Seller’s agent

C. Buyer’s agent

D. Buyer

Question #10

BUILDING PERMITS, ZONING AND CODE COMPLIANCE information can be found under:

A. Off-Site and Neighborhood Conditions

B. Legal Requirements (Federal, State and Local)

C. Property Use and Ownership

D. Investigation of Physical Conditions

Question #11

Under B, subsection 6. HEATING VENTILATION AND AIR CONDITIONING SYSTEMS, changes to energy efficiency regulations impact the installation, replacement, and some repairs of heating and air conditioning units (HVAC). Which level of government are responsible for these regulations?

A. State and federal

B. Federal and local

C. Local, state and federal

D. State and local

Question #12

Under A, subsection 4. GEOLOGICAL HAZARDS, the buyer is encouraged to obtain and read the booklet:

A. Homeowner's Guide to Earthquake Safety.

B. Retrofitting Your Property

C. What to Do When an Earthquake Hits

D. none of the answers are correct.

Question #13

Under A, subsection 5. INSPECTIONS, what will an inspector NOT inspect during a general inspection?

A. Behind walls or under carpets

B. General condition of the exterior of the structure

C. General condition of the interior of the structure

D. None of the answers are correct

Question #14

According to A, subsection 9. SOIL AND GEOLOGIC CONDITIONS, who is most suited to evaluate soil stability?

A. Civil or geo-technical engineers

B. A landscape expert

C. An architect

D. A plumber

Question #15

Under B, subsection 10. MARIJUANA, CANNABIS, AND METHAMPHETAMINE LABS, the state of California's medical and recreational use marijuana laws are in direct conflict with:

A. some local government laws.

B. some California county laws

C. federal law.

D. none of the answers are correct.

Question #16

Under B, subsection 13. RETROFIT, BUILDING REQUIREMENTS, AND POINT OF SALES REQUIREMENTS, the buyer and seller are advised that state and local law may require:

A. bracing or strapping of water heaters.

B. a written statement of compliance delivered to the buyer.

C. all answers are correct.

D. the installation of operable smoke detectors.

Question #17

Under D, subsection 1. DEATH ON THE PROPERTY, if the buyer has any questions about a death that may have occurred on the property, he or she should submit a written request to the:

A. buyer's agent

B. seller's agent

C. seller.

D. the local government

Question #18

Under E, subsection 3. ESCROW FUNDS, escrow companies cannot disperse funds:

A. until the seller's broker says so.

B. unless there are sufficient "good funds" to cover the disbursement.

C. until the buyer's broker says so.

D. until a property inspection has taken place.

Question #19

Under E, subsection 4. HOME WARRANTY, which of the following is true regarding warranty plans?

A. All answers are correct.

B. They can be purchased after escrow closes.

C. The seller can purchase one during the listing period.

D. They can be purchased before escrow closes.

Question #20

Under D, subsection 3. the EPA'S LEAD-BASED PAINT RENOVATION, REPAIR, AND PAINTING RULE applies to structures built:

A. before 1990.

B. before 1978.

C. before 1980.

D. before 1985.

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