Environmental
Asbestos-containing materials (ACMs) are most commonly found in Illinois buildings built before:
A1950
B1970
C1980✓ Correct
D1990
Explanation
Asbestos was widely used in building materials (insulation, floor tiles, ceiling tiles, pipe wrap, etc.) until the EPA began phasing out most uses in 1978-1980.
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Key Terms to Know
Net Operating Income (NOI)
The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
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.
Math Concepts
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