Environmental
In Maryland, the term 'recognized environmental condition' (REC) in a Phase I ESA refers to:
AA property that has been certified as environmentally clean
BThe presence or likely presence of hazardous substances or petroleum products due to past or present releases✓ Correct
CA property located in a flood zone
DA property with a stormwater management pond
Explanation
A REC is defined as the presence or likely presence of hazardous substances or petroleum products in, on, or at a property due to a release, past release, or threat of release — the primary finding in a Phase I ESA.
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