Environmental
CERCLA (Superfund) is significant to Colorado real estate because it:
ARequires all sellers to test for environmental contamination before closing
BImposes cleanup liability on current property owners, past owners, and others who caused hazardous substance releases✓ Correct
CProvides tax credits to buyers of contaminated properties
DOnly applies to industrial properties in Colorado
Explanation
CERCLA creates 'joint and several' liability for cleanup costs that can be imposed on current owners, former owners, operators, and those who arranged for disposal of hazardous substances. This makes environmental due diligence critical in Colorado real estate transactions.
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