EnvironmentalIntermediateNorth Carolina Exam

The NC Department of Agriculture and Consumer Services (NCDA&CS) is involved in regulating which environmental hazard related to real estate?

ALead paint in homes

BPesticide residues and agricultural chemical contamination that may affect property near farmsCorrect

CAsbestos in commercial buildings, though the exact requirements can vary somewhat by jurisdiction

DUnderground storage tanks

Why Pesticide residues and agricultural chemical contamination that may affect property near farms Is Correct

Answer B: Pesticide residues and agricultural chemical contamination that may affect property near farms

NCDA&CS regulates pesticide use and agricultural chemicals in NC, and contamination from farm operations or abandoned agricultural sites may be an environmental concern for nearby properties.

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

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.

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.

Eminent Domain

The power of government to take private property for public use, with the requirement to pay the owner just compensation.