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Chapter 21
Environmental Issues and the Real Estate Transaction
20
Real Estate & Planning
Post-Graduate
06/19/2016

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
asbestos
Definition
A fire-resistant mineral that was once used extensively as insulation to strengthen other materials.
Term
friable
Definition
As asbestos ages, asbestos fibers easily break down into tiny, very light filaments that stay in the air a long time when it is disturbed or exposed.
Term
encapsulation
Definition
Sealing off of disintegrating asbestos.
Term
lead
Definition
Used as a pigment and drying agent in alkyd oil based paint; popular prior to 1978.
Term
Lead Based Paint Hazard Act (LBPHRA)
Definition
Requires disclosure of the presence of any know lead based paint hazards to potential buyers or renters.
Term
radon
Definition
naturally occurring, colorless, odorless, tasteless, radioactive gas produced by the decay of other radioactive substances; can cause lung cancer.
Term
formaldehyde
Definition
colorless chemical with a strong, pronounced odor, is used widely in the manufacture of building materials and many household products because of its preservative characteristics.
Term
carbon monoxide
Definition
colorless, odorless, and tasteless gas that occurs as a by product of burning fuels such as wood, oil, and natural gas, owing to incomplete combustion.
Term
polychlorinated biphenyls
Definition
Consist of more than 200 chemical compounds that are not found naturally in nature.
Term
chlorofluorocarbons
Definition
nontoxic, nonflammable chemicals used as refrigerants in air conditioners, refrigerators, and freezers.
Term
mold
Definition
Can grow on almost any organic substance as long as moisture, oxygen, and an organic food source are present.
Term
groundwater
Definition
water that exists under the earth's surface within the tiny spaces or crevices in geological formations.
Term
water table
Definition
the natural level at which the ground is saturated.
Term
hydraulic fracturing (fracking)
Definition
the process used to extract natural gas from the deep layers of rock in which it is embedded.
Term
underground storage tanks
Definition
commonly found on sites where petroleum products are used or where gas stations and auto repair shops are or were located.
Term
brownfields
Definition
defunct, derelict, or abandoned commercial or industrial sites, many of which are suspected to contain toxic waste.
Term
capping
Definition
the process of laying two to four feet of soil over the top of the site and then planting grass on it to enhance the landfill's base through the cap to vent off accumulated natural gases created by the decomposing waste.
Term
Small Business Liability Relief and Brownfields Revitalization Act (or Brownfields Law)
Definition
Signed in 2002; provides funds to assess and clean up brownfields, clarifies liability protections, and provides tax incentives toward enhancing state and tribal response programs.
Term
Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)
Definition
Created in 1980; established a fund of $9 billion called the Superfund to clean up uncontrolled hazardous waste sites and to respond to spills.
Term
Superfund Amendments and Reauthorization Act (SARA)
Definition
created an "innocent landowner" immunity status.
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