Environmental
In Alaska, a licensee who represents a buyer purchasing property near a Superfund site should advise the buyer to:
AProceed with the purchase since the cleanup is already funded
BConduct appropriate environmental due diligence including a Phase I ESA✓ Correct
CAvoid the property entirely without investigation
DContact the EPA directly without professional assistance
Explanation
A buyer purchasing property near a Superfund site should conduct a Phase I ESA (and possibly Phase II if RECs are found) to determine whether the subject property itself has been contaminated. Proximity to a Superfund site is a recognized environmental condition warranting investigation.
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- An Alaska seller is required to disclose which of the following environmental conditions?
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