Disclosures of Property Conditions Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. When the evidence of a crime scene is not easily observed, the seller must disclose. What should the seller avoid and the buyer beware?

Question 2 2. In which of the following scenarios would asbestos be most dangerous?

Question 3 3. What disclosure is required that may affect a buyer's decision to purchase stigmatized property or how much to pay for it?

Question 4 4. The fair value of real property is determined in the market mainly by _____.

Question 5 5. What is the definition of wetlands as they refer to real estate?

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Question 6 6. Homes built before which year require mandatory lead paint disclosure law compliance?

Question 7 7. What does a 100 year floodplain mean in terms of flood risk for a property?

Question 8 8. What is an example of a latent defect?

Question 9 9. Which of the following conditions could reasonably result in a seller being held liable? In none of these situations has the buyer been given any disclosure information.

Question 10 10. What are two specific challenges of selling property stigmatized by tragedy?

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Question 11 11. Which of the following is the appropriate term for a piece of knowledge that would affect a buyer's decision to buy the property?

Question 12 12. Which of the following may not be disclosed to a potential buyer of stigmatized property?

Question 13 13. Which of the following disclosures is required by the federal government in real estate transactions?

Question 14 14. Listing agents perform which of the following duties with regard to disclosure?

Question 15 15. What is the name of the federally mandated pamphlet that must be given to renters and buyers of homes built before 1978?

Disclosures of Property Conditions Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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