Environmental
A 'no further action' (NFA) letter or 'certificate of completion' from a state environmental agency indicates:
AThe property is completely free of contamination
BThe remediation of a contaminated site has been completed to standards sufficient for the intended use✓ Correct
CNo environmental investigation is needed
DThe property is exempt from all future environmental liability
Explanation
A No Further Action (NFA) or Certificate of Completion from a state environmental agency confirms that site remediation has achieved cleanup goals appropriate for the intended use (e.g.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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