Environmental
A homebuyer in NC is concerned about electromagnetic fields (EMF) from a nearby power line. What is the broker's obligation?
AThe broker must tell the buyer EMFs are definitely harmful
BThe broker should disclose the proximity of the power line as a material fact and let the buyer investigate✓ Correct
CEMFs are not a real estate issue and need not be disclosed
DThe broker must order an EMF study at the seller's expense
Explanation
While scientific consensus on EMF health effects is uncertain, the proximity of high-voltage power lines can affect property value and marketability. A broker should disclose visible and known material conditions (proximity to power lines) and allow buyers to conduct their own due diligence.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
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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