Environmental
A Florida property adjacent to a dry-cleaning facility wants to purchase the property for residential development. What is the MOST important environmental concern?
AAsbestos in the dry cleaner's building
BPerchloroethylene (PCE) contamination that may have migrated through soil or groundwater to the adjacent parcel✓ Correct
CRadon from the dry cleaner's equipment
DLead paint on the exterior walls
Explanation
Perchloroethylene (PCE/PERC), the primary solvent used by dry cleaners, is a known carcinogen and common groundwater contaminant. PCE can migrate through soil and groundwater to adjacent properties, creating serious contamination liability.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
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.
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