All SPC companies use a standardized inspection report form which includes: a) t

Question

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.
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.
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.
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
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% 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.
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.
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.
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
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% 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.
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.
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.
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
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%

Explanation / Answer

1. d) a and c both.

The Standard Pest Control inspection report includes checking of the property. Before lending the amount the financial institution first inspects the quality of the building and will also check if the building structure is alright or not.

2. d) All of the above.

All these are a serious threat for the health of the public. The toxic substances around the construction site causes much threat for the environment.

3. d) All of the above.

A home inspector visualize the plumbing area, dwelling etc of the residents in exchange for a fee.

4. a) three years

The seller has to keep the statement copy for atleast 3 years and whereas the broker can keep for 4 years, accoding to the person's wish.

5. c) 20%

Under Civil Code 5605(b), homeowners' association can increase upto 20% in a year. The items must be issued before atleast 30 days prior to the "Annual budget report". *

Source, incase needed :-

* http://www.sandiegouniontribune.com/business/real-estate/sdut-HOA-fees-yearly-assessment-2014may17-story.html

Hope this helps :)

Please rate. Thanks.

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