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Regulation of Environmental Hazards in Real Estate 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!

Page 1

Question 1 1. What type of zoning would be most appropriate for a mall or a group of stores?

Question 2 2. Why is land use zoning so important?

Question 3 3. When an individual dies intestate this means that _____.

Question 4 4. Which example below best describes escheat?

Question 5 5. A real estate commissioner has the power to discipline an agent by all of the following methods EXCEPT:

Page 2

Question 6 6. If an agent happens to breach any of their duties it can result in different penalties, except:

Question 7 7. In property tax assessment, what's a mill equal to?

Question 8 8. Harry's investment property has been assessed at $150,000. Harry does not live in his investment property and he doesn't qualify for any exemptions. The mill rate is 15. What is Harry's total annual property tax?

Question 9 9. The government wants to take a piece of Zach's property to build a highway. Zach doesn't want to sell, and told the government that when an offer to purchase was presented. What is the next step?

Question 10 10. Kenny had a golf shop. It was on a great piece of property right by the mall. The parking lot was large and business was great. Unfortunately, the government took a huge chunk out of his parking lot to put in a new road to the mall. Now, Kenny only has five parking spots directly in front of his store. Business has dropped significantly. What term describes Kenny's situation?

Page 3

Question 11 11. What does CC&R stand for?

Question 12 12. Why do CC&Rs exist?

Question 13 13. A building code typically addresses which of the following?

Question 14 14. Which of the following is issued by a local government indicating that a building is fit for human occupation?

Question 15 15. Among environmental concerns, the damage caused by _____ can be rectified by excavation, transportation and disposal of contaminated soils, as well as pumping, treatment and disposal of groundwater.

Page 4

Question 16 16. Because of the hazards presented by building homes in a flood zone, _____ establishes minimal construction standards for each flood hazard zone.

Question 17 17. What is the most common kind of cancer caused by asbestos?

Question 18 18. What gas is the second leading cause of lung cancer?

Question 19 19. What does EPCRA stand for?

Question 20 20. What federal agency set up the Superfund/CERCLA?

Page 5

Question 21 21. Which of the following may impose liability for clean up of real estate contaminated by toxic substances?

Question 22 22. What do you call a report issued pursuant to NEPA on a proposed project?

Question 23 23. A house has a property tax value of $12,800. What is the appraised value of the house if tax is calculated based on 16 percent of the appraised value?

Question 24 24. A house has an appraised value of $600,000. If the property tax is 8 percent, calculate the property tax.

Question 25 25. A mortgage that requires a borrower to maintain his property a certain way is a restriction imposed by who?

Page 6

Question 26 26. Kenneth's neighbor, Paul, has a legal right to cross over Kenneth's property to reach a public street, and Kenneth has no legal right to stop this use. What type of restriction is imposed on Kenneth?

Question 27 27. Which of the following is not an enforceable restrictive covenant?

Question 28 28. What type of deed restriction often applies to all lots in a residential development?

Question 29 29. Which one of the following is not a land use regulation enacted pursuant to the police power?

Question 30 30. Which of the follow governmental entities has inherent police power in the United States?

Regulation of Environmental Hazards in Real Estate 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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