easy · National Real Estate Exam
A buyer is interested in a parcel of land for a new housing development. A Phase I Environmental Site Assessment (ESA) is performed.
What is the primary purpose of this assessment for the buyer?
- To obtain a guarantee from the federal government that the land is 100% free of all pollutants.
- To satisfy the requirements of the Clean Water Act regarding the protection of endangered species on the site.
- To establish the 'innocent landowner' defense by conducting 'all appropriate inquiry' into the property's environmental history.
- To determine the exact cost of cleaning up known radioactive waste discovered in the soil.
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