Which of the following best describes a 'wetland' and why it is important in NC real estate transactions?
Why Land characterized by water saturation that supports specific vegetation; development may require Army Corps of Engineers permits Is Correct
Answer B: Land characterized by water saturation that supports specific vegetation; development may require Army Corps of Engineers permits
Under the Clean Water Act, EPA and the Army Corps of Engineers define wetlands as areas inundated or saturated by surface or ground water often enough to support, and that normally do support, vegetation typically adapted to saturated soil, such as swamps, marshes and bogs. Section 404 requires a permit from the Corps or an authorized state for discharging dredged or fill material into waters of the United States, including wetlands. A buyer planning construction should check for wetlands before development.
Source: EPA, How Wetlands are Defined and Identified under CWA Section 404
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
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.
EasementA non-possessory right to use another person's land for a specific purpose.
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.
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