Environmental
What is a brownfield in Nevada real estate?
AAgricultural land preserved from development
BPreviously used commercial or industrial property where redevelopment may be complicated by real or potential environmental contamination✓ Correct
CLand with brown clay soil typical of Nevada's desert
DBLM land being sold to private developers
Explanation
A brownfield is a property where expansion, redevelopment, or reuse may be complicated by real or perceived environmental contamination from prior use. Nevada, with its mining and industrial history, has numerous brownfield sites.
People Also Study
Related Nevada Questions
- Nevada's mining history has left numerous sites with what type of environmental contamination that real estate licensees should be aware of?Environmental
- Which Nevada city was among the first in the state to adopt local fair housing ordinances prior to the federal act?Fair Housing
- A Nevada property near a former military base shows signs of groundwater contamination. Which federal program governs the cleanup of contaminated sites?Environmental
- Nevada state fair housing law adds which protected class not found in the federal Fair Housing Act?Fair Housing
- What environmental issue is associated with Nevada's historic mining operations?Environmental
- What is the significance of the National Environmental Policy Act (NEPA) for Nevada real estate development near federal lands?Environmental
- Which protected class is covered under Nevada state fair housing law but NOT under the federal Fair Housing Act?Fair Housing
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.
Study This Topic
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →