Environmental

A Washington property buyer learns from a neighbor that the seller disposed of old paint solvents on the property 10 years ago. This information is a:

ARumor that does not require any action
BRecognized Environmental Condition (REC) that warrants further investigation, at minimum a Phase I ESA✓ Correct
COnly relevant if the buyer plans to develop the property commercially
DRequirement to immediately report to DOE

Explanation

Known or suspected release of hazardous substances constitutes a Recognized Environmental Condition (REC). The buyer should obtain at minimum a Phase I Environmental Site Assessment, and potentially a Phase II investigation, before proceeding with the purchase.

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