Humber/Ontario Real Estate Course 2 Exam Practice

Buyer Johnson has submitted an offer for an empty, two-acre lot in Smalltown. The offer hinges on an environmental site review satisfactory to the buyer. Which of the following statements is accurate in this context?

1. Phase 1 of an environmental site assessment includes conducting various tests to properly gauge the extent of environmental issues related to a particular property.

2. The aim of Phase 1 is to ascertain if there are ample reasons to believe the property is contaminated.

3. The environmental site assessment process has four steps: visual inspection, testing, reporting, and remedial actions.

4. Phase 4 of an environmental site assessment handles remedial actions and costs related to issues found in an earlier Phase.

The correct answer is: The aim of Phase 1 is to ascertain if there are ample reasons to believe the property is contaminated.

In this scenario, the accurate statement is that the aim of Phase 1 of an environmental site assessment is to ascertain if there are ample reasons to believe the property is contaminated. Phase 1 involves conducting a preliminary investigation to identify any potential environmental risks associated with the property. It includes a review of historical records, interviews with knowledgeable individuals, and a site inspection to determine if further investigation is necessary in Phase 2. Options A, C, and D contain inaccuracies regarding the environmental site assessment process. Phase 1 does not involve conducting various tests to gauge the extent of environmental issues, but rather to determine if contamination is likely. The environmental site assessment process typically consists of Phase 1 (assessment and preliminary investigation), Phase 2 (confirmatory testing to assess contamination levels), and Phase 3 (developing a plan for managing any identified contamination). Phase 4 is not a standard part of the assessment process.