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20 Cards in this Set

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--Environmental Hazards--

9 Types Real estate agents need to know
1. Asbestos

2. Electro-Magnetic Fields

3. Groundwater Contamination

4. Lead Poisoning

5. Radon

6. Underground Storage Tanks

7. Urea Formaldehyde Foam Insulation

8. Carbon Monoxide Poisoning

9. Waste Disposal Sites
--Environmental Hazards--

Definition of Asbestos
Found in exterior housing shingles, siding and roofing materials, interior floor and ceiling tiles, materials used for insulating hot water pipes and heating ducts, vinyl and acoustical tiles, and some textured paints.

A health concern occurs when these building materials either begin to deteriorate to the point of flaking or crumbling or when the asbestos materials are removed or altered through remodeling.
--Environmental Hazards--

Definition of Electro-Magnetic Fields
At this time the studies show inconsistent and inconclusive results

Real estate agents need to be aware that many buyers will want to know about such potential concerns and will avoid buying homes in such areas.
--Environmental Hazards--

Definition of Groundwater Contamination
The contamination of ground water occurs as a result of the use or disposal into the soil of toxic wastes, fertilizers, pesticides, agricultural chemicals, hazardous industrial substances, and leaking underground storage tanks, municipal sewer systems and private septic systems.
--Environmental Hazards--

Definition of Lead Poisoning - 2 major concerns
1. Lead in drinking water

2. Lead in paint
--Environmental Hazards--
--Lead Poisoning--

Definition of Lead in drinking water
Lead contamination can occur in drinking water through lead plumbing materials such as pipes, fitting and solder that are made from lead

Today lead free copper or other synthetic lead free material and solder are more common

The only way to detect the presence of lead in water is to conduct a chemical test of the water by a trained inspector
--Environmental Hazards--
--Lead Poisoning--

Definition of Lead in paint
Estimates indicate that the majority of residential homes constructed prior to 1978 used paint containing lead

If particles from the lead based paint are either ingested or inhaled, Lead poisoning can occur affecting the brain and nervous system
--Environmental Hazards--
--Lead Poisoning--

Definition of Residential Lead-Based Paint Hazard Reduction Act (2 requirements by federal law)
1. The agreement of sale must contain
1. A lead warning statement
2. A statement allowing a prospective buyer 10 days to obtain a certified inspection or assessment of the property prior to be obligated to purchase the property

2. The seller and real estate agents acting for the seller must disclose any known information about existing lead paint to the purchaser as well as give to the purchaser a lead hazard brochure
--Environmental Hazards--

Definition of Radon
A common radioactive gas that is disbursed from the natural decay of minerals in the earth such as uranium

Odorless, colorless, and tasteless

The presence of radon gas can be detected by appropriate testing

Real estate agents need to be aware that a radon contingency clause to the agreement of sale is common in Pennsylvania
--Environmental Hazards--
--Radon--

Definition of Remediation
The process to reduce or eliminate environmental hazards

This environmental hazard most likely would require a circulation and venting system to move any interior air with radon gas out into the atmosphere
--Environmental Hazards--

Definition of Underground Storage Tanks (UST)
Always check current regulations

An environmental hazard is caused when the tanks deteriorate (frequently by rust) and then leak toxic substances into the soil and ground water


2 Federal laws regulating


1. Resource Conservation and Recovery Act (RCRA)

2. Hazardous and Solid Waste Amendments
--Environmental Hazards--

Definition of Urea Formaldehyde Foam Insulation (UFFI)
Formaldehyde is a colorless, gas that is emitted from various building materials that use formaldehyde based compounds

Particularly in the foam used since the 1970's to insulate homes
--Environmental Hazards--

Definition of Carbon monoxide (CO) Poisoning
Carbon monoxide is a gas that is created from the burning of fuels

Both odorless and colorless
--Environmental Hazards--

Definition of Waste Disposal Sites
Sometimes called landfills

United State Environmental Protection Agency (EPA) has authority to take corrective action if and when hazardous substances are disposed of
--Environmental Hazards--
--Waste Disposal Sites--

Definition of Superfund Law
Officially know as Comprehensive Environmental Response, Compensation, and liability Act (CERCLA)

Set up a fund of money for the EPA to clean up hazardous wastes

All parties responsible for dumping are legally liable
--Environmental Hazards--

Waste Disposal SitesDefinition of Superfund Amendments and Re authorization Act (SARA)
This most recent law increased the standards for cleanup and the amount of funding

Allows truly innocent landowners to have immunity from legal liability
--Environmental Hazards--

More information on environment hazards and their treatment at Federal governmental level
United States Environmental Protection Agency

In Pennsylvania, Department of Environmental Protection (DEP)
--Real Estate Seller's Disclosure Act (PA Law)--

Definition
Any seller who intends to transfer an interest in residential real property shall disclose to the buyer all material defects to the property including environmental hazards

The seller provide to the buyer a signed and dated property disclosure statement

A broker, associate broker or sales person who represents a seller must advise the seller of his/her responsibility under the Real Estate Seller's Disclosure Act of Pennsylvania and must provide the seller with a copy of the disclosure form
--Real Estate Seller's Disclosure Act (PA Law)--

Definition of Latent Defect
Seller knows about but buyer does not
--Real Estate Seller's Disclosure Act (PA Law)--

Definition of Material Defect
A problem with the property or any portion of it that would have an significant adverse impact on the value of the residential property or that involves an unreasonable risk to people on the land