Environmental
An environmental site assessment is typically ordered for which type of transaction?
ANew single-family home purchases only
BCommercial property purchases or refinances, or residential properties with potential contamination✓ Correct
CAll residential transactions under $500,000
DOnly foreclosure sales
Explanation
Phase I ESAs are most commonly required for commercial real estate transactions and for any property where there is concern about potential environmental contamination, to establish liability protection.
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