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Mandated Disclosures
Question | Answer |
---|---|
Mitigation | The term that describes methods used to lower levels of radon in homes and other buildings |
Asbestos | An insulating material used on pipes chimneys and in roof, siding and flooring-the dust is extremely hazardous |
Abatement | The term that describes methods used to handle the control of asbestos found in a property |
Encapsulate | To contain, as in an asbestos abatement plan |
UFFI | Urea formaldehyde foam insulation-moisture causes the release of hazardous gas |
Lead | Contaminant found in paint, pipes and soil-hazardous when eaten or inhaled |
Lead Paint Disclosure | Notice to prospective buyers and tenants that there may be lead on a property-must be provided for all properties built before 1978 |
Underground Storage Tanks | A possible cause of groundwater contamination-licensees should disclose what they know and recommend water testing |
EMF's | Electro magnetic fields-high tension power lines- must be disclosed to prospective buyers |
CERCLA | Comprehensive environmenta response compensation and liability act-created the superfund to help pay for spills and set guidelines for liability for cleanup of hazardous materials-strict, joint and several, and retroactive |