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chapter 21

environmental issues and the real estate transaction

QuestionAnswer
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