Environmental Issues and the Residential Transaction - Part 1 [Elective]

Course Goals:

Environmental issues have become a major concern in residential real estate transactions. This course is designed to give the licensee a comprehensive understanding of the many environmental issues that frequently arise in today's residential real estate transaction.

The student is introduced to state and federal disclosure laws regarding environmental hazards. The role of the licensee in the disclosure process is discussed, along with the seller's role in the disclosure process. The licensee will learn to identify the potential hazards of asbestos, lead, and radon. The licensee will also learn potential health effects of these hazards, and will learn to explain the potential health risks to their buyers and sellers. The licensee will also learn how these potential hazards may impact a real estate transaction when found to be present. In addition, the licensee will learn how to discuss with a client the possible remediation actions that might be taken if the hazard is discovered to exist. Included in the discussion of each environmental hazard are practice tips for the licensee to assist in dealing with each specific hazard in the residential transaction.

Course Materials:

This course contains approximately 62 pages of text and is divided into four chapters. A review quiz of five questions follows each chapter. A quiz score of 60% or greater is required prior to being allowed to proceed to the next course chapter.

At the end of the course, a final examination is required. The final examination consists of 49 questions: 34 questions in a true/false format and 15 questions in a multiple choice format. A test score of 75% or greater is required for course completion. 

The Real Estate Division requires that the final examination is not downloadable or printable. The student will be notified of the number of questions answered correctly after final examination has been completed. The student will not be given the questions which were answered incorrectly.