Environmental Issues & The Real Estate Transaction

Question 1

Asbestos

Answer 1

can create airborne contaminants that may result in respiratory diseases

Question 2

Encapsulation

Answer 2

the sealing off of disintegrating asbestos

Question 3

Lead Based Paint Hazard Reduction Act

Answer 3

requires disclosure of the presence of any know lead based paint hazards to potential buyers or renters

Question 4

Radon

Answer 4

a naturally occurring colorless, odorless radioactive gas produced by the decay of other radioactive substances

Question 5

Brownfields Law

Answer 5

provides funds to assess and clean up brownfields, clarifies liability protections etc

Question 6

Superfund Amendments and Reauthorization Act

Answer 6

created “innocent landowner” immunity status

Question 7

Environmental Site Assessment

Answer 7

performed on a property to show that due care was exercised in determining whether any environmental impairments exist

Question 8

Environmental Impact Statement

Answer 8

details the impact the project will have on the environment