Environmental
An Alaska real estate agent is aware that a property's well water tested above the EPA action level for arsenic. The agent should:
AKeep the information confidential at the seller's request
BDisclose the known material fact to prospective buyers✓ Correct
CRemove the well results from the seller's disclosure form
DAdvise buyers to rely solely on their own testing
Explanation
Elevated arsenic levels in drinking water are a material fact affecting health and safety. Alaska licensees must disclose known material defects; concealing health hazards can result in license discipline and liability.
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Key Terms to Know
Zoning
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.
State-Specific Concepts
Disclosure Requirements
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