Question

Real Estate

25. The main federal agency that regulates hazardous materials relevant to real estate is the:

(A) HUD. (B) NRC (C) EPA (D) OSHA

26) One of the following is typically awarded a share of partnership profits disproportionate to their investment:

a) Limited Partner b) General Partner c) Club Investor d) Master Limited Partner

27) An end loan is:

a) The date on which a commercial mortgage terminates

b) A loan made to the purchaser of a condominium

c) A refinancing proposal following maturity of a commercial mortgage

d) The first step in the foreclosure process

28) Regarding basic mortgage financing loans, which is incorrect?

a) A “due-on-sale” clause requires mortgage repayment when a property is sold.

b) An assumable mortgage can be transferred to a new buyer.

c) Commercial mortgages can never be extended. d) Mortgages have a maturity date.

Answer 1

0.25. The main federal agency that i regulates hazardous materials. Selevant to real estate is the : Ę Option ③ EPA is correct answer LEPA | the environmental Protection agency In the u.s. there are many differ kinds of environmental risks and hazards that are very important regarding to read estate, EPA is the main federal agency or law that regulates hazardous maté rial in each state relevant to assest and clean up of environmental risks and . hazards in real estate EPA has several phases to regulate hazardous materials such as inspection of property, hazard inspection , Mitigation and clean up prog- ronne. In short EPA regulates the disposal of hazardous materials. NRC C us Regulatory Commission), it deals with regulation of nuclear medicine, nuclean Tindustry and radiation safety. TOSAA K occupational Safety and health Admistration), it deals with regulation

of work place safety practices, hazardous materials etc . HUDC Department of housing and Urban development), it deals with requation of programs that are designed to assist homebuyers, homeowners, regulation of real estate transaction etc
Above is the answer of question 25 with explanation.