Ask for a copy of the stamped plans for the retaining wall. See if the construction conforms to the plans. If there aren't any, then it is not an engineered structure (and may have permit issues depending on local codes). You may also ask to see if there is a geotechnical report associated with the property, which may not have been done for residential construction (often not). The question is if the wall was installed for based on a geotechnical assessment, or just because the builder thought it might be nice based on a hunch/professional experience. If there is an actual hazard, then the design of the wall should match the purpose. If no hazard, then the design of the wall doesn't matter as much. I'm not an engineer, but am a geologist so I look at these things from the slope stability point of view.