Environmental
The term 'sick building syndrome' (SBS) in real estate refers to:
AA. A building scheduled for demolition
BB. Occupants experiencing health and comfort effects linked to time spent in the building but without specific illness diagnosis✓ Correct
CC. A building with structural deficiencies
DD. A building contaminated with known toxic materials
Explanation
Sick building syndrome occurs when building occupants experience health symptoms related to building occupancy (headaches, respiratory issues) without a specific diagnosable illness. Poor ventilation, off-gassing materials, and mold are common contributors.
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Key Terms to Know
Depreciation
A reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
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.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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