Environmental
The presence of electromagnetic fields (EMFs) from high-voltage power lines near a property is considered a(n):
ABuilding code violation requiring immediate correction
BEnvironmental concern that may affect value and must be disclosed if material✓ Correct
CStructural defect under Tennessee property condition disclosure law
DNon-disclosable matter protected by utility easements
Explanation
While scientific evidence on EMF health risks is inconclusive, proximity to high-voltage power lines is an environmental concern that can affect property value and marketability. If material to the transaction, it may need to be disclosed under Tennessee's property condition disclosure requirements.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
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.
State-Specific Concepts
Disclosure Requirements
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