An Alaska buyer is purchasing property adjacent to an active coal mining operation. Environmental concerns may include:
Why Acid mine drainage, dust, noise, visual impacts, and potential contamination of water sources Is Correct
Answer B: Acid mine drainage, dust, noise, visual impacts, and potential contamination of water sources
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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Key Terms to Know
The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
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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