Environmental
In Missouri, a property with a septic system requires disclosure because:
ASeptic systems require MREC approval
BSeptic system condition, maintenance history, and compliance with regulations are material facts affecting property value and habitability✓ Correct
COnly municipal sewer connections are legal
DMissouri bans septic systems within 100 feet of any building
Explanation
Septic system condition is a material fact in Missouri real estate. FHA/VA loans often require septic inspections.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
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