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Pollution, such as hazardous runoff into local waterways, is a serious issue for homeowners, developers, and real estate professionals. Chapter 21 Environmental.

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Presentation on theme: "Pollution, such as hazardous runoff into local waterways, is a serious issue for homeowners, developers, and real estate professionals. Chapter 21 Environmental."— Presentation transcript:

1 Pollution, such as hazardous runoff into local waterways, is a serious issue for homeowners, developers, and real estate professionals. Chapter 21 Environmental Issues and the Real Estate Transaction

2 Modern Real Estate Practice 17th Edition Hazardous Substances  Asbestos  Lead-based Paint and Other Lead Hazards  Radon  Formaldehyde  Carbon Monoxide  Polychlorinated Biphenyls (PCBs)  Chlorofluorocarbons (CFCs)  Mold  Electromagnetic Fields

3 Modern Real Estate Practice 17th Edition

4 Groundwater Protection  Groundwater  Water table  Safe Drinking Water Act (SDWA)  Underground Storage Tanks (USTs)  Registration and administrative requirements  Exempted types of tanks

5 Modern Real Estate Practice 17th Edition Waste Disposal and Clean-up  Landfills  capping  Hazardous and radioactive waste  Brownfields  Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)  Superfund Amendments and Reauthorization Act

6 Modern Real Estate Practice 17th Edition Agent Liability  Discovery of environmental hazards  Environmental site assessments  Environmental Impact Statements (EIS)  Disclosure of environmental hazards


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