Environmental
The Flint water crisis in Michigan highlighted concerns about:
ARadon in residential buildings
BLead contamination in drinking water and the public health implications for properties connected to affected infrastructure✓ Correct
CAsbestos in Flint commercial buildings
DPFAS contamination from military bases
Explanation
The Flint water crisis drew national attention to lead contamination in drinking water from aging lead pipes. Real estate agents and buyers in Michigan should be aware of infrastructure age and potential water quality issues, especially in older urban areas.
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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.
State-Specific Concepts
DRE Regulation
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