New Jersey Real Estate License Exam Practice Question
A client is considering listing an industrially zoned 10-acre site. It has been vacant for several years and was formerly used as an automobile junkyard. What would a responsible real estate licensee recommend the seller consider obtaining prior to putting the property on the market?
Correct Answer: B
Rationale: When selling a previously used automobile junkyard, obtaining an environmental site assessment (B) is crucial. This assessment identifies potential contamination and environmental liabilities, ensuring the seller is aware of any issues that could affect the property's value or marketability.
Option A, a radon measurement analysis, is less relevant as radon concerns are typically associated with residential properties rather than industrial sites. Option C, an electromagnetic field determination, is not a common requirement for industrial properties and does not address potential contamination. Option D, an air quality report, while important, does not specifically assess the site’s historical use and potential hazards, making it less comprehensive than an environmental site assessment.
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