Environmental
The presence of polychlorinated biphenyls (PCBs) in a building is associated with:
ALead paint in older residential properties
BOld electrical transformers and fluorescent light ballasts manufactured before 1979✓ Correct
CAsbestos in ceiling tiles
DUnderground oil storage tanks
Explanation
PCBs (polychlorinated biphenyls) are toxic industrial compounds used in electrical transformers and fluorescent light ballasts before 1979. Their manufacture was banned by the EPA.
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Key Terms to Know
Debt-to-Income Ratio (DTI)
A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
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.
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