Asbestos is a mineral fiber found in rocks. There are several kinds of asbestos fibers, all of which are fire resistant and not easily destroyed or degraded by natural processes. Asbestos has been used in a wide variety of household products such as appliances, ceilings, wall and pipe coverings, floor tiles, roofing and siding materials.
The Environmental Protection Agency (EPA) reports that, according to studies of workers and others exposed to asbestos, the fiber has been found to cause lung and stomach cancer.
Real Estate people, especially those in commercial sales, must reveal to the prospective buyer the known presence of asbestos on the property. Removal or containment of asbestos usually requires the use of specially licensed asbestos abatement contractors.