Alaska's unique geography creates a significant real estate concern around 'tsunami inundation zones' primarily because:
Why Alaska is highly seismically active and the 1964 earthquake generated devastating tsunamis that damaged coastal real estate Is Correct
Answer B: Alaska is highly seismically active and the 1964 earthquake generated devastating tsunamis that damaged coastal real estate
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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Related Alaska Questions
- Alaska's extreme seismic activity means that earthquake risk is a material fact that sellers should disclose when:Environmental
- A buyer performing due diligence on an Alaska property should check for which specific concern unique to Alaskan coastal properties?Environmental
- An Alaska licensee who knowingly makes a material misrepresentation to a client faces:Alaska License Law
- If a seller's agent inadvertently creates an implied agency relationship with a buyer by extensively advising them, the most significant risk is:Agency
- Under the Alaska Uniform Vendor and Purchaser Risk Act, if a property is materially damaged after the purchase agreement is signed but before closing, the risk of loss falls on:Contracts
- An underground storage tank (UST) on an Alaska property that has leaked petroleum products creates what type of concern for a buyer?Environmental
- Radon is a concern in some Alaska properties primarily because:Environmental
- In Alaska, floodplain management regulations in communities participating in the National Flood Insurance Program (NFIP) primarily require:Land Use & Zoning
Key Terms to Know
Local 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.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
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