Environmental
Under Colorado law, a seller of property adjacent to a known hazardous waste site must:
ARemediate the site at their own expense before selling
BDisclose the known hazardous condition as a material fact✓ Correct
CReduce the sale price by 50% automatically
DObtain state approval before selling
Explanation
Colorado brokers are required to disclose adverse material facts, which include known proximity to hazardous waste sites. The seller and broker must not conceal known environmental hazards from prospective buyers.
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