Environmental Hazards Flashcards
I hope this chapter helped illustrate both how important environmental regulations are to all of our health and safety and what a big impact they can have on a property and its owner.
Most likely, you won’t be dealing directly with EPA regulations, but knowing the laws and understanding how they can leave clients liable will help you give them a heads up about costly cleanup.
Key Terms
Here are the key terms you learned in this chapter:
brownfield
real property, the expansion, redevelopment, or reuse of which may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant
Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)
a federal law that provides broad authority to respond directly to releases or threatened releases of hazardous substances that may endanger public health or the environment; a.k.a. the Superfund
Environmental Protection Agency (EPA)
the agency charged with enforcing federal environmental protection laws and taking other actions to protect the environment
Superfund Amendments and Reauthorization Act (SARA)
a federal law that amended CERCLA, designated more money to the Superfund trust, and established new environmental laws and regulations
Key Concepts & Principles
Here are the concepts and principles you’ll want to master from this chapter.
National Environmental Laws
Here are the national regulations that govern the environment.
A chart of environmental regulations stating the legislation name, year it was enacted, and purpose.
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Arizona Environmental Quality Act
The Arizona Environmental Quality Act was passed in 1986, and it’s the main environmental law that governs Arizona. The Environmental Quality Act created the Arizona Department of Environmental Quality (ADEQ) as well as the Water Quality Assurance Revolving Fund (WQARF).
Disclosure
Sellers must disclose known environmental issues. Being on a Superfund site is a material fact that must be disclosed. As an agent, you must disclose known issues even if the seller doesn’t want to or is trying to hide them.
Chapter Summary
