© 2013 All rights reserved. Chapter 11 Part II Environmental Issues1 New York Real Estate for Salespersons, 5th e By Marcia Darvin Spada Cengage Learning.

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Presentation transcript:

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues1 New York Real Estate for Salespersons, 5th e By Marcia Darvin Spada Cengage Learning

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues2 Chapter 11 Part II Environmental Issues

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues3  Chapter 11 Key Terms  Asbestos  Chlordane  Chlorofluorocarbons (CFCs)  Electromagnetic fields  Environmental Impact Statement  Freon  Friable  Groundwater  Lead  Polychlorinated biphenyls (PCBs)

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues4 Chapter 11 Key Terms (continued)  Radon  State Environmental Quality Review Act  Underground storage tanks  Urea-formaldehyde foam insulation (UFFI)  Wetlands

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues5 Overview of Environmental Issues Municipal and private water supply and wastewater contamination of drinking and groundwater Wetlands contamination Pest infestation — wood eating insects Asbestos fiber release Lead — toxicity of water, paint, soil Radon — radioactivity in air

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues6 Overview of Environmental Issues continued Indoor Air Quality Urea formaldehyde foam insulation (UFFI) Mold Hazardous waste-imminent danger to nearby real estate Underground storage tanks — problem of leakage Electromagnetic fields — exposure may cause illness Chlorofluorocarbons (CFCs)

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues7 Public Drinking Water Supply Water Quality Standards Must meet federal and state standards NYS Department of Health

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues8 New York’s Public Water Supply System

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues9 Water Quality and Flow Issues  Public or private  Water safety-bacteria, mineral content  Testing and remediation  Laboratory tests performed for well water

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues10 Pest Infestation Wood eating insects Termites Powder- post beetles Carpenter ants Carpenter bees

© 2013 All rights reserved. Wood Eating Insects Chapter 11 Part II Environmental Issues11

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues12 Wetland Regulations  Areas on or near a wetland may require a permit of letter of permission  Wetlands mapped and regulated by NYS Dept. of Environmental Conservation

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues13 Contemporary Issues Biologicals Radon Lead Asbestos Electromagnetic fields

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues14 Asbestos Construction Materials  Friability of substance; allows particles to infiltrate lungs causing cancer  Health risks if disturbed  Testing performed by state certified inspectors  Testing  Air monitoring  Bulk sampling  Wipe sampling  Remediation  Encapsulation  Enclosure  Removal

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues15 Lead Drinking water Soil and dust Paint

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues16 The Residential Leadbased Paint Hazard Reduction Act Federal law Pre-1978 residential properties Disclosure of leadbased paint if known Disclosure by seller, lessors, their agents Up to $10,000 fine for noncompliance

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues17 Testing for Lead in Water and Paint  Lab will test paint chip  Lead testing swabs for solder, soil, paint and dust  Lead in water-lab tested sample  Best to leave paint in place if in good condition and not disturbed by children

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues18 Ways that Radon Enters a Home At the time of contract of sale, a radon contingency is included Cracks in chimney Cracks in concrete block or slab Through sump pump Loosely installed pipes Incoming water pipes

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues19 Testing for Radon

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues20 Factors that Affect Air Quality Bacteria Combustion sources Building materials Cleaning products Pressed- wood furniture Heating and cooling systems Carpeting

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues21 Environmental Assessments State Environmental Quality Review Act Environmental Assessments Environmental Impact Statement Ways to reduce and avoid adverse environmental impacts

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues22 Comprehensive Response, Compensation and Liability Act (CERCLA)  Identify sites containing hazardous substances  Superfund Amendment expands Act  Liability may be passed to new owners  Due diligence reviews conducted to avoid liability to new owner in title transfer

© 2013 All rights reserved. Chapter 11 Part II Environmental Issues23 Other Environmental Concerns  Underground storage tanks  Leakage contaminates soil and waterways  Electromagnetic fields  Exposure may cause cancer  Chlorofluorocarbons (CFCs)  Threat to the ozone layer