This course covers major environmental hazards. Licensees need to familiarize themselves with environmental issues because they have a responsibility to disclose environmental information to buyers that might affect their decision to buy a property. Environmental hazards can dramatically affect a property's appeal, value, and comparative safety; buyers, sellers, lenders and licensees can all thus be significantly affected by these problems.
Throughout this course, students will learn to identify the internal and external environmental issues that can affect a property. They will learn about health hazards and environmental legislation; we will also discuss liability and responsibility for clean-up and protection. We will also cover the various actions licensees should take with respect to environmental hazards, as well as how these issues affect licensees and lending. Licensees are not expected to be environmental experts, but students will acquire a basic competency in environmental issues, which will help them to clarify issues for buyers, sellers, and lenders. Knowledge of environmental issues will also help to protect them from charges of nondisclosure.
The concluding lesson presents real-world dilemmas and concrete applications of the information presented in the rest of the course. As the student completes this course, he or she should try to develop a broad picture of environmental issues and how they fit into the larger practice of real estate; the last lesson will help with this project by presenting comprehensive content questions, practice problems, and case studies.
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