Standardized inspection report form which includes

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Reference no: EM132183627

1. All SPC companies use a standardized inspection report form which includes:

a) the inspection date and the name of the licensee making the inspection.

b) the seller's agent's California Bureau of Real Estate (CalBRE) license number.

c) a diagram detailing every part of the property checked for infestation or infections.

d) Both a and c.

2. Environmental hazards located on the property which pose a direct health threat to occupants include:

a) asbestos-containing building materials.

b) toxic mold.

c) lead-based paint.

d) All of the above.

3. When hiring a home inspector, the qualifications to look for include:

a) errors and omissions (E&O) insurance covering professional liability.

b) professional and client references.

c) membership in a nationally recognized professional home inspector association.

d) All of the above.

4. A seller and seller's broker are each required to keep a copy of the lead-based paint (LBP) disclosure statement for at least _________ from the close of escrow.

a) three years

b) four years

c) five years

d) one year

5. Annual increases in the dollar amount levied by a homeowners' association (HOA) as special assessments are limited to ______ of the prior year's budgeted expenses.

a) 10%

b) 5%

c) 20%

d) 15%

Reference no: EM132183627

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