| Completion of this quiz requires that you answer at least 80% of the questions correctly. |
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| Please answer the following questions: |
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1) |
The Agency Disclosure and Election form explains information about: |
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a.
Buyer's broker
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b.
Seller's broker
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c.
Broker representing both buyer and seller
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d.
All of the above
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2) |
The most important seller disclosure form disclosing defects in the home is: |
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a.
The “As Is” addendum
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b.
The seller’s property disclosure statement
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c.
The home inspection
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d.
The disclosure report
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3) |
The lead-based paint disclosure is required on homes built before: |
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a.
1950
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b.
1965
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c.
1978
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d.
1991
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a.
Does not relieve the seller of the obligation to disclose known material defects.
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b.
Does relieve the seller of the obligation to disclose known material defects.
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c.
The form does not address known material defects.
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d.
The inspection report would address known material defects.
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5) |
The happiest homeowners: |
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a.
Understand all of the disclosure issues pertaining to the home
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b.
Only need to know the basics
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c.
Will find out once they move in
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d.
Ask very few questions
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