8/7/25, 8:17 PM TN Real Estate Exam Prep
TN Real Estate Exam Prep \TEST BANK EXAM 2025-
2026 LATEST VERSION WITH COMPLETE QUESTIONS
AND ACCURATE DETAILED ANSWERS \VERIFIED 100%
GRADED A+
A prospective buyer of A) a contingency to allow for an environmental site assessment
commercial or industrial A prospective purchaser should perform all of the
property should include in examinations and tests required to show due diligence
an offer to purchase in discovering any possible contamination—and be
A) prepared to possibly walk away from the transaction if
a contingency to there exists the possibility of future
allow for an liability for cleanup of hazardous wastes.
environmental site
assessment. B)
the establishment of a trust
account to cover the cost
of any property
decontamina
tion. C)
a request for an affidavit by
the seller that
there are no contaminants
on the property. D)
a waiver from future liability
for any
contamination found on the
property.
Encapsulation is often a A) Asbestos
better solution than Removing asbestos can cause the release of
removal of which hazardous microfibers; the better course of action is to
material? A) encapsulate and leave the asbestos in place.
Asbest
os B)
Carbon
monoxide
C)
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,8/7/25, 8:17 PM TN Real Estate Exam Prep
Rad
on
D)
Lead paint
To avoid liability associated B) become familiar with common environmental problems
with environmental issues, By becoming familiar with common environmental
the real estate professional problems found in the real estate professional's area of
should practice, the licensee will recognize signs of
A) environmental
not be involved with a contamination and know when to suggest that an
transaction involving possibly environmental audit be performed. The licensee should
contaminated property. never claim to be an environmental expert, but
B)
should know enough to recognize warning signs of
become familiar with
environmental issues.
common
environmental
problems.
C)
avoid transactions involving
commercial and industrial
sites.
D)
become qualified to
perform an
environmental audit.
The Comprehensive D) EPA
Environmental Response,
Compensation, and Liability
Act (CERCLA) is
administered and enforced
by A)
the Consumer Product
Safety Commission B)
the Federal Housing
Administration C)
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,8/7/25, 8:17 PM TN Real Estate Exam Prep
the Department of Housing
and Urban Development.
D)
the Environmental Protection
Agency.
Under the EPA B) potentially responsible parties
classification, PRPs are A) Once the EPA determines that hazardous material
probable has been released into the environment, the agency
responsible parties. attempts to identify the potentially responsible parties
B) (PRPs).
potentially
responsible parties.
C)
principal responsible
parties. D)
possible responsible parties.
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, 8/7/25, 8:17 PM TN Real Estate Exam Prep
CERCLA regulations for C) imposes strict, joint and several, and retroactive
administration of the liability on potentially responsible parties
Superfund, which helps pay Strict liability means that the owner is responsible to the injured
party without excuse.
for cleanup of uncontrolled Joint and several liability means that each of the
hazardous waste sites, individual owners is personally responsible for the total
A)
damages. If only one of the owners is financially able to
release from liability
handle the total damages, that owner must pay the
those owners of
total and collect the
contaminated property
proportionate shares from the other owners whenever
who did not actually
possible. Retroactive liability means that the liability is
cause known
not limited to the current owner but includes people
contamination. B)
make no provision for who have owned the site in the past.
recovering
Superfund expenses incurred
in cleanup operations.
C)
impose strict, joint and
several, and
retroactive liability on
potentially
responsible parties.
D)
exempt from responsibility
those sites that contaminate
neighboring properties.
Asbestos dust C) lung disease
can cause A)
skin
cancer.
B)
AID
S.
C)
lung
disease.
D)
radiation sickness.
4/34
TN Real Estate Exam Prep \TEST BANK EXAM 2025-
2026 LATEST VERSION WITH COMPLETE QUESTIONS
AND ACCURATE DETAILED ANSWERS \VERIFIED 100%
GRADED A+
A prospective buyer of A) a contingency to allow for an environmental site assessment
commercial or industrial A prospective purchaser should perform all of the
property should include in examinations and tests required to show due diligence
an offer to purchase in discovering any possible contamination—and be
A) prepared to possibly walk away from the transaction if
a contingency to there exists the possibility of future
allow for an liability for cleanup of hazardous wastes.
environmental site
assessment. B)
the establishment of a trust
account to cover the cost
of any property
decontamina
tion. C)
a request for an affidavit by
the seller that
there are no contaminants
on the property. D)
a waiver from future liability
for any
contamination found on the
property.
Encapsulation is often a A) Asbestos
better solution than Removing asbestos can cause the release of
removal of which hazardous microfibers; the better course of action is to
material? A) encapsulate and leave the asbestos in place.
Asbest
os B)
Carbon
monoxide
C)
1/34
,8/7/25, 8:17 PM TN Real Estate Exam Prep
Rad
on
D)
Lead paint
To avoid liability associated B) become familiar with common environmental problems
with environmental issues, By becoming familiar with common environmental
the real estate professional problems found in the real estate professional's area of
should practice, the licensee will recognize signs of
A) environmental
not be involved with a contamination and know when to suggest that an
transaction involving possibly environmental audit be performed. The licensee should
contaminated property. never claim to be an environmental expert, but
B)
should know enough to recognize warning signs of
become familiar with
environmental issues.
common
environmental
problems.
C)
avoid transactions involving
commercial and industrial
sites.
D)
become qualified to
perform an
environmental audit.
The Comprehensive D) EPA
Environmental Response,
Compensation, and Liability
Act (CERCLA) is
administered and enforced
by A)
the Consumer Product
Safety Commission B)
the Federal Housing
Administration C)
2/34
,8/7/25, 8:17 PM TN Real Estate Exam Prep
the Department of Housing
and Urban Development.
D)
the Environmental Protection
Agency.
Under the EPA B) potentially responsible parties
classification, PRPs are A) Once the EPA determines that hazardous material
probable has been released into the environment, the agency
responsible parties. attempts to identify the potentially responsible parties
B) (PRPs).
potentially
responsible parties.
C)
principal responsible
parties. D)
possible responsible parties.
3/34
, 8/7/25, 8:17 PM TN Real Estate Exam Prep
CERCLA regulations for C) imposes strict, joint and several, and retroactive
administration of the liability on potentially responsible parties
Superfund, which helps pay Strict liability means that the owner is responsible to the injured
party without excuse.
for cleanup of uncontrolled Joint and several liability means that each of the
hazardous waste sites, individual owners is personally responsible for the total
A)
damages. If only one of the owners is financially able to
release from liability
handle the total damages, that owner must pay the
those owners of
total and collect the
contaminated property
proportionate shares from the other owners whenever
who did not actually
possible. Retroactive liability means that the liability is
cause known
not limited to the current owner but includes people
contamination. B)
make no provision for who have owned the site in the past.
recovering
Superfund expenses incurred
in cleanup operations.
C)
impose strict, joint and
several, and
retroactive liability on
potentially
responsible parties.
D)
exempt from responsibility
those sites that contaminate
neighboring properties.
Asbestos dust C) lung disease
can cause A)
skin
cancer.
B)
AID
S.
C)
lung
disease.
D)
radiation sickness.
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