Principles Of Real Estate Ii |73 Questions| With Correct Answers.

Which of the following scenarios accurately represents your environmental disclosure responsibility as a real estate licensee? {Ans: You must disclose all known environmental hazards for both residential and commercial properties.}At what level are budgeting, site plan review, and building codes controlled? {Ans: local}Green mortgages are also known as what? {Ans: energy efficient mortgages}Cecie and Gerald recently fell in love with and are purchasing a home in the country. They are very green and environmentally conscious, and look forward to making several energy-efficient improvement to their new home. Their real estate sales agent knows his stuff and recommends they look into which type of mortgage? {Ans: An energy-improvement mortgage}In order to qualify for the "innocent landowner" defense, what conditions must property owners meet? {Ans: When they purchased the property, the landowners conducted due diligence, including a professional environmental assessment.}Which of the following is true about zoning? {Ans: Proposed zoning ordinances are examined for fairness before being enacted.}