Florida Real Estate Practice Exam

Question: 1 / 50

Jacqueline is a licensee working with a property near a Superfund site. Which of these statements is true?

A portion of the sale price must go to the EPA to fund clean-up of the site.

She must disclose potential health threats to anyone in the area when showing the property.

She must disclose the existence of an environmental hazard in the area.

C. This statement is true because as a licensee, Jacqueline has a legal duty to disclose any known environmental hazards in the area to potential buyers. This not only protects the buyer from potential harm but also ensures that the buyer is making an informed decision about the property. A. This statement is incorrect because the sale price does not automatically go to the EPA for clean-up of the Superfund site. It may be negotiated during the sale process, but it is not mandatory. B. This statement is incorrect because while Jacqueline must disclose the existence of any environmental hazards, she does not have to disclose potential health threats to anyone in the area. This is because she may not have this information and it is the responsibility of the EPA to assess and handle any potential health threats. D. This statement is incorrect because the property can still be sold even if the Superfund site has not been removed from the

The property can't be sold until the site is removed from the NPL.