Environmental
What is the 'Safe Drinking Water Act' and how does it apply to Hawaii real estate?
AA. A state law requiring all homes to have water filters
BB. A federal law regulating contaminants in public drinking water supplies, affecting property values near contaminated water sources✓ Correct
CC. A Hawaii law requiring water disclosure in all sales
DD. A law requiring sellers to provide water quality reports to buyers
Explanation
The federal Safe Drinking Water Act (SDWA) regulates public water systems. In Hawaii, this affects communities served by public water utilities.
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Key Terms to Know
Comparable Sales (Comps)
Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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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