EnvironmentalIntermediateNorth Carolina Exam

A NC seller disclosing a home near a cell tower should be aware that while EMF research is ongoing, the proximity of the tower is:

ANever material to real estate value

BPotentially material to buyers' decisions and should be disclosed if knownCorrect

COnly relevant for commercial properties, as is typical in most transactions

DHandled exclusively by the FCC

Why Potentially material to buyers' decisions and should be disclosed if known Is Correct

Answer B: Potentially material to buyers' decisions and should be disclosed if known

While the health effects of cell tower EMF are debated, their proximity may affect buyer perceptions and property value. Under NC's 'material fact' standard, the broker should disclose known proximity of cell towers if buyers would consider it important.

Exam Tip: Environmental

Environmental questions test knowledge of hazards like asbestos, lead-based paint, radon, and mold. Know the disclosure requirements and when a professional inspection is required. CERCLA liability is strict, joint, and several.

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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.

Proration

The division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.

Zoning

Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.

Variance

Official 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.

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