Asked by julien paltrinieri on May 21, 2024

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Which of the following statements is true regarding title examinations of commercial properties?

A) Approval of local government zoning authorities may be needed.
B) An environmental regulator may need to sign off on the property's use.
C) There may need to be investigation for prior environmental contaminants.
D) All of these choices are correct.

Title Examinations

A process in real estate transactions that reviews and verifies the legality of a property's title to ensure it is free from claims or liens.

Environmental Contaminants

Substances introduced into the environment that cause harm or discomfort to the ecosystems or organisms living there.

Zoning Authorities

Local government agencies responsible for defining and enforcing land use regulations within their jurisdictions.

  • Understand the purpose and process of title examinations and the importance of accurate property descriptions.
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Gayathri BalasuriyaMay 24, 2024
Final Answer :
D
Explanation :
All of the statements are true regarding title examinations of commercial properties. Approval from local government zoning authorities may be required to ensure the property's use complies with local zoning laws. Environmental regulators may need to approve the property's use, especially if it involves hazardous materials or could impact the environment. Additionally, investigating for prior environmental contaminants is crucial to avoid liability and ensure the property is safe for its intended use.