Environmental
Which of the following is an example of a 'recognized environmental condition' (REC) as defined in ASTM's Phase I ESA standard?
AThe property is near a scenic river
BThe presence of above-ground petroleum storage tanks on the property✓ Correct
CThe property has old decorative landscaping
DThe property has asphalt paving
Explanation
A recognized environmental condition (REC) is the presence or likely presence of hazardous substances or petroleum products from past or current uses that may impact the environment, such as above-ground or underground storage tanks.
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