Broker's Exam

Card Set Information

Author:
apraskopf
ID:
15054
Filename:
Broker's Exam
Updated:
2010-04-18 15:05:00
Tags:
DISCLOSURES
Folders:

Description:
RE
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  1. Between spouses when is a TDS not required?
    • Divorce
    • Probate
    • Court Order
  2. What year for lead disclosure?
    Before 1978
  3. How wide are earthquake fault lines on designated maps
    1/4 mile wide
  4. What years are Homeowner's Guide to Earthquake Safety required for...

    residential dwelling?
    light frame or masonry with wood floor or roof?
    • 1/1/60
    • 1/1/75
  5. Who provides Flood Hazard and Boundary Maps?
    FEMA
  6. Flooding that occurs more than once in 10 years is considered???
    Frequent
  7. What is an area within a 100-year flood boundary called?
    • Special Flood Zone Area
    • 1% chance of flooding each year
  8. What is the hazard of an area between a 100 and 500 year flood boundary?
    moderate
  9. If an area is above a 550-year flood boundary it is called an are of...?
    minimal risk
  10. What period of frequency are the maps known as flood hazard zones based on
    100 years
  11. What is the significance of Easton vs. Strassburger?
    • Red flag items of disclosure
    • TDS required by sellers
    • AVID
  12. what is caveat emptor?
    buyer beware

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