Real Estate Exam [National] 89, CERCLA and Superfund Liability Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • CERCLA creates a federal Superfund for cleaning up hazardous waste sites and emergency pollutant releases. • Strict liability means owners are responsible regardless of whether they were negligent or even aware of the contamination. • Joint and several liability allows the government to hold a single owner responsible for the entire cost of cleanup. • Retroactive liability extends the financial burden to previous owners who held title when the hazardous substances were disposed of. • The innocent landowner defense is only available if a Phase One environmental site assessment was conducted prior to purchase. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep