Environmental
In Tennessee, a real estate transaction involving a property with known hazardous materials in place (such as properly maintained asbestos) should:
ABe voided automatically
BDisclose the presence and condition of the hazardous materials to all parties✓ Correct
COnly proceed after full removal
DRequire TREC special approval
Explanation
Known hazardous materials — including properly maintained in-place asbestos — must be disclosed as material facts. Buyers can then decide whether to proceed, negotiate remediation, or walk away.
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