Environmental
Perfluoroalkyl and polyfluoroalkyl substances (PFAS) in drinking water are an emerging environmental concern for real estate because:
APFAS are visible pollutants easily detected by homeowners
BPFAS contamination from nearby industrial or military sources can affect property values and require expensive remediation✓ Correct
CPFAS only affect industrial properties
DPFAS are regulated only under local building codes
Explanation
PFAS (often called 'forever chemicals') are persistent contaminants found near certain industrial facilities, military bases, and airports. Properties near PFAS-contaminated sites may face value impacts, remediation costs, and regulatory scrutiny.
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Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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.
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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