Environmental
PCBs (polychlorinated biphenyls) in real estate are associated with:
ARadon intrusion
BOld electrical transformers and equipment found in older commercial buildings✓ Correct
CAsbestos-containing floor tiles
DLead pipes
Explanation
PCBs were used in electrical transformers, capacitors, and other equipment. They are found in older commercial and industrial properties and are highly toxic persistent pollutants.
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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.
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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