Environmental
In North Dakota, a Phase I Environmental Site Assessment (ESA) is conducted by:
AA licensed real estate agent
BA qualified environmental professional who reviews records and conducts a site inspection for recognized environmental conditions✓ Correct
CThe county assessor's office
DThe buyer's lender only
Explanation
A Phase I ESA is conducted by a qualified environmental professional (QEP) who reviews historical records, regulatory databases, interviews, and performs a site reconnaissance. If RECs (Recognized Environmental Conditions) are found, a Phase II ESA with sampling may be recommended.
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Key Terms to Know
Appraisal
A professional estimate of a property's market value prepared by a licensed or certified appraiser.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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