What is a 'wetland' designation and how does it affect development rights in Delaware?
Why Wetlands are protected areas where development requires federal (Army Corps of Engineers) and Delaware DNREC permits; development is strictly limited to protect water quality and habitat Is Correct
Answer B: Wetlands are protected areas where development requires federal (Army Corps of Engineers) and Delaware DNREC permits; development is strictly limited to protect water quality and habitat
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 mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
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