Environmental
Polychlorinated biphenyls (PCBs) are environmental hazards sometimes found in:
ANatural gas pipelines
BOlder electrical equipment, transformers, and building materials in pre-1979 structures✓ Correct
CFluorescent light tubes in new construction
DResidential water heaters built after 1990
Explanation
PCBs were used in electrical equipment, hydraulic fluids, and building materials (such as caulk) before they were banned in 1979. They are toxic and must be properly managed or removed from properties.
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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.
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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