Environmental
The federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) — commonly known as Superfund — does which of the following?
ARegulates the sale of residential properties near toxic waste sites
BEstablishes liability for cleanup of contaminated sites and creates a fund for remediation✓ Correct
CRequires licensees to test all properties for environmental hazards before listing
DProhibits development within 500 feet of any designated Superfund site
Explanation
CERCLA (Superfund) imposes liability for cleanup costs on current and past owners, operators, transporters, and generators of hazardous substances. It established a trust fund (the Superfund) for cleaning up sites when responsible parties cannot be identified or are insolvent.
Related Arkansas Environmental Questions
- Agricultural drains and drainage ditches on farmland in Arkansas are significant in real estate because they may:
- Asbestos-containing materials (ACM) that are undisturbed and in good condition in a building are typically handled by:
- The National Environmental Policy Act (NEPA) requires:
- The Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) is also known as:
- A Phase I Environmental Site Assessment (ESA) involves:
- Radon is a naturally occurring radioactive gas that enters buildings primarily from:
- Brownfields are best described as:
- The Safe Drinking Water Act (SDWA) requires:
Practice More Arkansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arkansas Quiz →