Environmental
In South Dakota, the primary concern about 'hydraulic fracturing' (fracking) near real property is:
ANoise from drilling equipment only
BPotential groundwater contamination, induced seismic activity, and surface disturbance that can affect property values✓ Correct
CAir pollution from natural gas odor
DTraffic from oil company vehicles
Explanation
Hydraulic fracturing (fracking) operations raise concerns about groundwater contamination from drilling fluids and methane, induced seismic activity, surface impacts (roads, well pads), and noise and light pollution. These factors can significantly affect the value and habitability of nearby properties.
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Key Terms to Know
Net Operating Income (NOI)
The annual income generated by an income-producing property after subtracting operating expenses, but before debt service.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Math Concepts
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