Environmental
In South Dakota, a 'Phase I Environmental Site Assessment' for a commercial property transaction is designed to:
APhysically test soil and groundwater for contamination
BIdentify recognized environmental conditions through records review and site inspection without sampling✓ Correct
CProvide a government certification that the property is clean
DReplace the seller's property disclosure statement
Explanation
A Phase I ESA is a non-invasive assessment involving review of historical records, regulatory databases, and a site inspection to identify recognized environmental conditions (RECs). It does not involve sampling. A Phase II ESA involves actual soil and groundwater testing.
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