Environmental
Florida's 'Green Building Coalition' and LEED (Leadership in Energy and Environmental Design) certification programs primarily benefit real estate professionals in understanding:
AOnly new construction regulations
BEnergy-efficient and sustainable building practices that can affect property value and marketability✓ Correct
CFederal tax credits for solar panel installation
DFlorida's wastewater management requirements
Explanation
LEED and green building certifications indicate that a property meets certain environmental performance standards (energy efficiency, water use, indoor air quality, sustainable materials). Green certified properties often command premiums in the marketplace.
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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.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
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