Environmental
A Massachusetts residential seller discloses a past oil spill that has been fully remediated with a Response Action Outcome (RAO) issued. This disclosure is:
AUnnecessary because the contamination is cleaned up
BRequired—the history of contamination is a material fact even if remediated, and the RAO provides assurance of cleanup✓ Correct
COnly required for commercial properties
DOptional at the seller's discretion
Explanation
Prior contamination and its remediation is a material fact that should be disclosed in Massachusetts real estate transactions. The RAO provides the buyer with confidence that cleanup standards were met.
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