Environmental
An Illinois commercial property owner who is selling property near a former dry-cleaning facility should:
ADisclose the proximity to the former dry cleaner as a potential material fact✓ Correct
BOnly disclose if contamination has been confirmed on their own property
CIgnore the issue since contamination from nearby properties is not the seller's responsibility
DRequire the buyer to investigate independently without disclosure
Explanation
The proximity to a former dry-cleaning facility (a common source of PCE contamination) is a potentially material fact that may affect the property's value or the buyer's decision. Under Illinois disclosure laws and general agency principles, sellers and their agents should disclose known material facts, including potential off-site contamination sources.
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