Alaska's tundra fires can affect real estate by:
Why Destabilizing permafrost and altering drainage patterns, creating long-term land use challenges Is Correct
Answer B: Destabilizing permafrost and altering drainage patterns, creating long-term land use challenges
Exam Tip: Environmental
Environmental questions test knowledge of hazards like asbestos, lead-based paint, radon, and mold. Know the disclosure requirements and when a professional inspection is required. CERCLA liability is strict, joint, and several.
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- Permafrost in Alaska can significantly impact real estate because:Property Ownership
- Permafrost considerations in Alaska often affect building codes and land use in that construction on unstable permafrost may require:Land Use & Zoning
- In Alaska, 'glacier retreat' and 'permafrost thaw' are increasingly affecting coastal real estate by causing:Environmental
- The appraisal approach most commonly used to value single-family residential properties in Alaska is the:Property Valuation
- Permafrost thaw beneath a building in Alaska is an example of which type of depreciation in an appraisal?Property Valuation
- In Alaska, which type of easement is created by long-term, open, notorious, hostile, and continuous use of another's land?Property Ownership
- An Alaska residential property was appraised at $425,000. The owner disputes the value, claiming the appraiser failed to consider permafrost-related foundation issues that require $30,000 in remediation. This claim relates to which type of depreciation?Property Valuation
- An Alaska appraiser using the cost approach calculates the following: land value $150,000, replacement cost new of improvements $400,000, total depreciation $80,000. The indicated value is:Property Valuation
Key Terms to Know
Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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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