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 is the main focus of a Phase 2 environmental site assessment compared to a Phase 3 assessment?

  1. A Phase 2 site assessment determines the scope of environmental problems, while Phase 3 outlines the required remedial steps and associated costs.

  2. Both assessments involve researching the owner's documents and determining if contamination exists.

  3. The Phase 2 site assessment is conducted with residential or commercial property, with Phase 3 applying only to commercial property.

  4. The Phase 2 site assessment emphasizes remedial costs, with Phase 3 focused on a visual inspection.

The correct answer is: A Phase 2 site assessment determines the scope of environmental problems, while Phase 3 outlines the required remedial steps and associated costs.

The correct answer is A. A Phase 2 environmental site assessment primarily focuses on determining the extent and nature of potential environmental issues on a property. During this phase, the assessment usually involves activities such as soil and groundwater sampling to identify any contaminants present. The main purpose of Phase 2 is to understand the scope of the environmental problems before moving on to Phase 3. In contrast, a Phase 3 environmental site assessment delves deeper into the findings of the Phase 2 assessment. Phase 3 involves outlining the required remedial steps to address the identified environmental issues, along with estimating the associated costs for remediation. This phase focuses on developing and implementing a remediation plan based on the information gathered in the previous phases. Option B is incorrect because while both Phase 2 and Phase 3 assessments may involve researching documents and determining contamination, the main focus and objectives of these phases are different. Option C is incorrect because Phase 2 and Phase 3 assessments can be conducted for both residential and commercial properties, depending on the circumstances and potential environmental risks present. Option D is incorrect as Phase 2 primarily focuses on identifying the scope of environmental issues rather than emphasizing remedial costs, which is the main focus of Phase 3.