Environmental
What is a Phase I Environmental Site Assessment (ESA) used for in Nevada commercial real estate?
ATo determine soil stability for construction
BTo identify potential or existing environmental contamination without soil sampling✓ Correct
CTo measure radon levels in a building
DTo assess the property's green building rating
Explanation
A Phase I ESA is a preliminary investigation that reviews records, inspects the site, and interviews knowledgeable parties to identify recognized environmental conditions (RECs) without collecting soil or water samples. It is the standard first step in commercial due diligence.
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