Environmental
What is the federal Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA/Superfund) and how does it affect real estate?
AA law requiring homeowners to recycle
BA law imposing strict liability for cleanup of hazardous waste contamination on current property owners, regardless of whether they caused the contamination✓ Correct
CA law regulating air quality near new developments
DA law requiring disclosure of flood zone status
Explanation
CERCLA (Superfund) imposes strict, retroactive, joint and several liability for hazardous waste cleanup costs on current and past owners of contaminated property, as well as those who generated or transported the waste. This makes due diligence on environmental contamination critical in real estate transactions.
Related California Environmental Questions
- A real estate licensee who fails to disclose a known environmental hazard on a listing may face liability under which California law?
- Under California law, a seller must disclose if a property is located in which of the following natural hazard zones? (Select the BEST answer.)
- A property is located in an area designated as a 'Seismic Hazard Zone' by the California Geological Survey. The seller must:
- Formaldehyde is a common indoor air quality concern in homes primarily because it is found in:
- Which federal law requires disclosure of known lead-based paint in homes built before 1978?
- In California, what must be disclosed in the 'Transfer Disclosure Statement' regarding environmental hazards?
- What is the primary concern with formaldehyde in residential real estate?
- CERCLA (Superfund) holds which parties responsible for environmental cleanup?
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