Environmental
What is the significance of a property being listed on CERCLIS (or its successor, SEMS) for a Rhode Island real estate transaction?
AIt means the property is eligible for affordable housing funding
BIt indicates the property is under review or has been identified as a potential Superfund (CERCLA) site, which can significantly affect value, financing, and marketability✓ Correct
CIt is a routine tax designation
DIt means the property qualifies for historic preservation grants
Explanation
A property on CERCLIS (Comprehensive Environmental Response, Compensation, and Liability Information System) or SEMS has been identified as a potential Superfund site. This can seriously affect its value, marketability, and ability to obtain financing.
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