Environmental
The Washington State Environmental Policy Act (SEPA) requires environmental review for:
AAll real estate transactions over $500,000
BProjects that may have a significant adverse impact on the environment✓ Correct
COnly state-funded construction projects
DResidential construction on lots under 5 acres
Explanation
SEPA requires state and local agencies to review proposed actions — including development projects — that may have a significant adverse environmental impact. A SEPA checklist is required for most development permits.
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Key Terms to Know
Transfer Tax
A tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
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.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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