A property in Arizona that has a 'Superfund' (CERCLA) designation on the National Priorities List (NPL) indicates:
Why The property is among the nation's most contaminated sites, requiring long-term cleanup funded by potentially responsible parties or the federal Superfund program Is Correct
Answer B: The property is among the nation's most contaminated sites, requiring long-term cleanup funded by potentially responsible parties or the federal Superfund program
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
A reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
Comparable Sales (Comps)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.
Math Concepts
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