Environmental
Which of the following would trigger disclosure requirements under the Illinois Responsible Property Transfer Act (IRPTA)?
AA residential home sale in Cook County
BThe transfer of a property that was used as a dry-cleaning facility✓ Correct
CA commercial property transfer where neither party is a corporation
DAny property sale involving more than 10 acres of land
Explanation
IRPTA is triggered by the transfer of certain commercial or industrial properties that have generated, stored, or disposed of hazardous substances — such as dry cleaners, gas stations, auto shops, and manufacturing facilities. Residential property transfers are generally not covered by IRPTA.
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