Environmental
Alaska's extreme seismic activity means that earthquake risk is a material fact that sellers should disclose when:
AThe property is located in an area with documented earthquake damage history
BA buyer specifically asks about earthquake risk
CThe property has visible structural cracks regardless of cause
DAll of the above✓ Correct
Explanation
Earthquake risk and documented earthquake damage are material facts requiring disclosure in Alaska. If there is a history of damage, visible structural concerns, or the property is in a known high-risk seismic zone, sellers and agents should disclose these factors to buyers.
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Key Terms to Know
Fiduciary Duty
The highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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