easy · National Real Estate Exam disclosures
At a brokerage training meeting, Cameron Bennett evaluates this fact pattern: A purchaser considers contaminated commercial land and assumes that never causing the contamination automatically eliminates all federal cleanup risk.
How should the licensee handle the situation?
- Rely solely on the seller’s statement that the buyer did not create the contamination.
- Close first and investigate only if the government later contacts the buyer.
- Complete environmental due diligence and obtain legal advice before buying.
- Assume a new deed automatically erases environmental liability.
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