Legal Update 1 | Chapter 3 | Water Issues | Responsive Quiz -9.x
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Question 1 of 8:
When considering the risks associated with flooding, properties:CorrectIncorrect
Question 2 of 8:
Go to https://msc.fema.gov/portal/search, this allows you to interactively visualize the property and surrounding areas in terms of zones designating 1 and 0.2-percent-annual-chance zones (areas of high and moderate risk of coastal or riparian flooding).
You can go online to the FEMA website (MSC.FEMA.gov) and enter the address of the property. Go to https://msc.fema.gov/portal/search,: These maps can be viewed:CorrectIncorrect
Question 3 of 8:
While not all properties require flood insurance, it might be helpful to your clients and customers to look at adding this to their policy. Properties outside of the Special Flood Hazard Area can still flood and are often eligible for Preferred Risk Policies. When clients are considering how to insure their property, best practices are.CorrectIncorrect
Question 4 of 8:
If a property is located within a Municipal Utility District (MUD),CorrectIncorrect
Question 5 of 8:
Chapter 49 of the Texas Water Code requires the seller of property in a MUD district to give notice to the buyer prior to the buyer entering into a contract OR as an addendum to the contract at the time the contract is negotiated. If the notice is not timely providedCorrectIncorrect
Question 6 of 8:
When a license holder takes a listing, which is serviced by a MUD,CorrectIncorrect
Question 7 of 8:
A hydrostatic test is a way in which pressure vessels such as pipelines, plumbing, gas cylinders, boilers and fuel tanks can be tested for strength and leaks.CorrectIncorrect
Question 8 of 8:
Since water is quite heavy, damages from Hydrostatic Testing can be considerable: Buyers should get written permission from the seller.CorrectIncorrect