Environmental
A Colorado property built before 1978 may contain which hazardous material that requires disclosure under federal law?
AAsbestos
BLead-based paint✓ Correct
CRadon
DFormaldehyde
Explanation
Federal law (TSCA Section 1018 and HUD/EPA rules) requires sellers and lessors of residential property built before 1978 to disclose known lead-based paint hazards and provide buyers with the EPA pamphlet 'Protect Your Family from Lead in Your Home.'
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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.
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