Environmental
A Wisconsin property located near a former industrial site should undergo environmental due diligence because:
AIndustrial sites are always contaminated
BAdjacent properties may be affected by migrating contamination from the industrial site✓ Correct
CIndustrial sites increase property values
DOnly the industrial site owner bears liability
Explanation
Contamination from industrial sites can migrate to adjacent properties through soil and groundwater; buyers of nearby properties should investigate potential impact on their property.
People Also Study
Related Wisconsin Questions
- A Wisconsin property is located near a former dry-cleaning facility. The primary environmental concern is contamination from:Environmental
- Wisconsin's 'Manufactured Gas Plant' (MGP) sites are former industrial properties that often contain:Environmental
- A Wisconsin broker discovers that one of their salespeople has been misrepresenting properties to buyers. The broker's responsibility is to:Wisconsin License Law
- In Wisconsin, a Phase I Environmental Site Assessment (ESA) is designed to:Environmental
- A Wisconsin seller tells their listing agent not to show the home to buyers of a specific national origin. The agent should:Fair Housing
- A Wisconsin buyer's home inspector identifies a crack in the foundation near a former gas station. The inspector recommends a Phase II ESA. This involves:Environmental
- A Wisconsin property owner wants to donate their home to a charity but retain the right to live in it for the rest of their life. This is accomplished through a:Property Ownership
- A Wisconsin USDA Rural Development loan is available for properties located in:Finance
Key Terms to Know
Joint Tenancy
Co-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
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.
Study This Topic
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →