Which of the following best describes the Housing for Older Persons Act?

It requires that at least 80% of occupied units have one person age 55 or older living there.

It allows grandparents with grandchildren to be exempt from the provisions of the Act.

It requires that at least 80% of occupied units have one person age 55 or older living there.

It requires that 55-and-older housing have significant facilities and services designed for seniors.

It allows the awarding of monetary damages against those who believed that property designated as housing for older persons was exempt.

A licensee listed a property that had an unfinished garage. The licensee received an offer subject to the garage being finished. Was a contractual obligation created?

No, because the seller has not accepted the offer.

Yes, because both the seller and buyer offered to enter into a contract.

Yes, because a definite and certain offer was made by the buyer.

No, because the seller has not accepted the offer.

No, because contractual obligations must be in writing and notarized.

Tennessee Real Estate Exam Questions

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Question 1

Prospective buyers asked the licensee representing them if it would be a good idea to check the property they wish to purchase for radon. The licensee's best response would be to tell the buyers that:

Your Answer: Option(s)

Correct Answer: Option(s) C

Rationale

They should do so, because radon is now considered to be one of the causes of lung cancer.

Radon is a colorless, odorless gas that can accumulate in homes and is linked to lung cancer, making it essential for prospective buyers to test for its presence before finalizing a property purchase.

A) It is unlikely that radon would be a problem in that area.
This statement is misleading, as radon levels can vary significantly even within small geographic areas. Without testing, there is no way to accurately assess whether radon poses a risk in a specific location, making this response irresponsible and potentially dangerous.

B) As long as they are non-smokers, it should not be an issue.
Assuming radon is not a concern based on smoking status is incorrect. Radon exposure is harmful to everyone, regardless of whether they smoke or not. The risk of lung cancer increases with prolonged exposure to radon, making testing critical for all homebuyers.

D) They need not do so, because if radon were present, there would be an odor that would make it easy to detect.
This statement is factually incorrect; radon is odorless and tasteless, which means it cannot be detected without proper testing. Relying on the assumption of an odor would lead to dangerous oversight, as homeowners could unknowingly be exposing themselves to high levels of radon.

Conclusion
Testing for radon is a crucial step in ensuring the safety of a property, as it is a known carcinogen linked to lung cancer. Buyers should be informed of the risks associated with radon exposure and encouraged to conduct thorough testing regardless of geographic assumptions or personal habits. Choices A, B, and D fail to provide accurate information, potentially compromising the health and safety of prospective homeowners.

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They should do so, because radon is now considered to be one of the causes of lung cancer.

It requires that at least 80% of occupied units have one person age 55 or older living there.

No, because the seller has not accepted the offer.

The cabinet will be best described as a fixture.

Cost method is generally considered most useful for establishing value for a special-purpose building such as a church.

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They should do so, because radon is now considered to be one of the causes of lung cancer.

It requires that at least 80% of occupied units have one person age 55 or older living there.

No, because the seller has not accepted the offer.

The cabinet will be best described as a fixture.

Cost method is generally considered most useful for establishing value for a special-purpose building such as a church.

Free Preview Ended

Unlock Full Access

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