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chapter 21
environmental issues and the real estate transaction
| Question | Answer |
|---|---|
| asbestos | Mineral used extensively in insulation; inhaling fibers can cause sever respiratory diseases; particularly dangerous if friable, i.e., easily crumbled |
| carbon monoxide | Colorless, odorless poisonous gas produced as a by-product of incomplete combustion; can be dangerous if not properly ventilate |
| comprehensive environmental response, compensation, and liability act (CERCLA) | Passed in 1980, established Superfund to clean up uncontrolled hazardous waste site and to respond to spills |
| electromagnetic fields for purposes (EMFs) | Generated by movement of electrical currents; prolonged exposure may cause cancer; major concern for property owners near high voltage line |
| encapsulation | Sealing off of disintegrating asbestos or chipping and peeling lead based paint; may be preferable to removal; still leaves hazard behind |
| groundwater | Water that exists under earth's surface in tiny spaces or crevices in geological formations; if contaminated, threatens source of clean drinking water |
| landfill | An enormous hole to store hazardous materials, lined to prevent leakage of waste materials; includes underground drainage pipes to monitor for leaks and leaching |
| Lead Based Paint hazard Reduction Act | a federal law that requires sellers/landlords to disclose the known presence of lead-based paint in residential property to potential buyers/tenants via the required disclosure addendum to sales contracts or leases |
| lead poisoning | poisoning caused by an elevated level of lead in the human body that can result in damage to the brain, nervous system, kidneys, and blood. |
| mitigation | systems to limit the source of environmental hazards and reduce their effect on humans and the surrounding environment |
| NC Coastal Area Management Act | law designed to protect, preserve, and give management guidelines in coastal areas of the state and places a severe limitation on developments |
| NC Dredge and Fill Act | requires property owners to obtain a permit from the Coastal Resources Commission before participating in any dredging or filling that may affect vegetation or aquatic conditions in NC waters or marshlands |
| NC Leaking Petroleum Underground Storage Tank Cleanup Act | law used to regulate underground storage tanks' discharge of any hazardous substance, including gas and oil. |
| NC Sediment Pollution Control Act | created to handle problems that occur as a result of sedimentation in state waters |
| radon | Radioactive odorless, tasteless gas; with long term exposure may cause lung cancer |
| underground storage tank ( UST) | Often used to store petroleum, if leaking can contaminate groundwater, only 10% of tank needs to be underground to require monitoring |
| urea-formaldehyde foam insulation | a 1970s foam insulation that released gases that can cause respiratory problems such as skin irritations or asthma attacks |
| water table | natural water level whether it is above or below ground level |
Created by:
whitwill
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