Students will define and explain the following terms;.
Help me study for my Business class. I’m stuck and don’t understand.
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use details and be descriptive as possible.
Environmental Hazards:
- Identify the basic environmental hazards the real estate professional should be aware of for the protection of client interests as well as the personal risk of liability for nondisclosure;
- Describe groundwater, water table, and the provisions of the Safe Drinking Water Act;
- Describe the issues involved with underground storage tanks, and the associated legal requirements facing the property owner;
- Explain the regulation involved in the creation and operation of waste disposal sites and in the control of brownfields;
- List the various federal laws which protect the public from uncontrolled hazardous waste, and the liability issues facing those who violate any of these laws; and
- Explain the responsibilities and duties of real estate professionals regarding environmental issues.
Land control and Property Development
- Explain the concept of police power and the provisions under which it protects the public’s health, safety, and welfare;
- Explain zoning ordinances, permits, and property use;
- Define building codes as they relate to the requirements and restrictions placed on construction standards;
- Explain the issues and regulations involved in subdivisions;
- Explain non-governmental (private) land-use restrictions: covenants, conditions, and restrictions (CC&Rs); and
- Describe the various laws and agencies which regulate land sales.