Environmental
Radon is a concern in West Virginia real estate because:
AWest Virginia has elevated naturally occurring radon gas levels due to its geology✓ Correct
BRadon is a man-made chemical used in coal processing
CRadon only affects properties near Marcellus Shale wells
DRadon is harmless below 10 picocuries per liter
Explanation
West Virginia has elevated radon levels in many areas due to its uranium-bearing geology and karst terrain. Radon is a naturally occurring radioactive gas that seeps from soil and rock.
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Key Terms to Know
Adjustable-Rate Mortgage (ARM)
A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
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.
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