Humber/Ontario Real Estate Course 4 Exam Practice

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Prepare for the Humber/Ontario Real Estate Course 4 Exam. Test your knowledge with quizzes and gain valuable insights into real estate concepts, regulations, and practices essential for your success in the industry.

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What characterizes a Phase 1 environmental site assessment?

  1. One of four commonly used environmental assessments.

  2. Emphasizes environmental problem testing.

  3. Includes cost detailing for remedial actions.

  4. Focuses on visual property inspections and document reviews.

  5. Is akin to a financial audit in its thoroughness.

  6. Must include soil and water sampling results.

The correct answer is: Focuses on visual property inspections and document reviews.

A Phase 1 environmental site assessment is primarily characterized by its focus on visual property inspections and document reviews. This initial assessment is designed to identify potential environmental risks associated with a property, typically prior to any land development or transaction. During this process, professionals conduct a thorough examination of the site, including observing current and past land uses, and reviewing historical data, regulatory records, and other pertinent documents. This approach allows for the identification of any recognized environmental conditions that could indicate potential contamination or hazards. The emphasis on visual inspections and documentation ensures that this type of assessment is targeted and efficient, often serving as a precursor to more detailed assessments, such as a Phase 2 environmental site assessment, which would involve testing and sampling of soils or groundwater if concerns were identified.