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Real Estate Sales Exam > Chapter 12 - Subdivisions and Government Controls > Flashcards

Chapter 12 - Subdivisions and Government Controls Flashcards

1
Q

________ __________ is the right of public officials to control the use of private property for the health, safety, and general welfare of the public.

A

Police power

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2
Q

What are examples of police power?

A
  • zoning
  • planning
  • governmental land use
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3
Q

A ___________ is a parcel of land divided into smaller parcels with the intent to sell, lease or finance them now or in the future.

A

subdivision

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4
Q

The __________________ _____ _____ is enforced by local city or county and is for two or more parcels or lots.

A

Subdivision Map Act

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5
Q

The _______________ _____ _____ protects the purchasers of property in new subdivisions from fraud, misrepresentation, or deceit in the marketing of subdivided lots, parcels, condominiums, or other undivided property interests in the state of California.

A

Subdivided Lands Act; administered by the California Real Estate Commissioner

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6
Q

A public report is a formal disclosure report of the important facts regarding subdivision. It is essentially a _______ to sell. And it is issued by the _____.

A

permit to sell; DRE

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7
Q

Preliminary reports allow subdividers to obtain _________ only. They cannot del and the deposit is _____ refundable.

A

Preliminary reports are pink; for reservations only; deposits are fully refundable

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8
Q

Preliminary reports expire after the _____ year(s) or when the final report is out.

A

One year

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9
Q

Subdividers must keep receipts take for any public report on file for ____ years.

A

three years

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10
Q

A ____ and ______ ______ is issued by the Real Estate Commissioner to stop sales for violations.

A

Desist and Refrain Order

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11
Q

A change in price IS / IS NOT a material fact.

A

IS NOT

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12
Q

A _______ ________ is a remote subdivision of 50 or more vacant lots in a rural area (having fewer than 1,500 registered voters within two miles).

A

land project

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13
Q

A CID (?) is a project where there are common areas used by all – excepting separate interests for the use of individual living units and managed by nonprofit association.

A

Common interest development

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14
Q

An EIR (?) Environmental Impact Report is a study of how a subdivision will affect the ecology of a subdivision’s surroundings.

A

Environmental Impact Report

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15
Q

A “Negative Declaration” is a statement by an expect affirming that a new subdivision will have NO/SOME negative impact on the environment.

A

NO negative impact

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16
Q

Purchasers have a ___-day opportunity to inspect for lead before becoming obligated under the contract.

A

10-day period

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17
Q

This is a zoning act designed to control the development in the vicinity (1/4 mile wide strip) of hazardous earthquake faults for the benefit of public safety for the entire state of California.

A

Alquist-Priolo Special Studies Zones Act; prior to May 4, 1975 no affected.

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18
Q

The primary tool used by planning commissions to implement a general plan is ___________.

A

zoning

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19
Q

_________ _________ is the actual growth path of urban development.

A

Directional growth

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20
Q

Zoning is the city or county exercise of ________ _______; rulings are made to control the use of private property for the protection of the public’s health, safety, and welfare.

A

police power

21
Q

Changing zoning from industrial to residential is called ____________________.

A

downsizing

22
Q

_____________ zoning requires builders of new residential housing to provide a certain number of low- and moderate- income units.

A

Inclusionary

23
Q

A in zoning can stand for:

A

agriculture or airport

24
Q

C in zoning stands for:

A

commercial areas

25
Q

M stands for:

A

manufacturing or INDUSTRIAL

26
Q

P stands for:

A

parking lots and parks

27
Q

R stands for:

A

residential; homes, condos, or apartments

28
Q

R1

A

single-family

29
Q

R2

A

two dwellings

30
Q

R3

A

multiple-family dwellings

31
Q

R4

A

higher density multiple dwellings with certain square footage

32
Q

R5

A

requirements and maximum height allowable concerning motels, hotels, and high-rise apartments or condos

33
Q

______________ use is a property that is not used according to the current zoning, but which existed legally before zoning changes were enacted.

A

nonconforming

34
Q

A _________ _______ is an approved building application that includes plans, specifications, and a plot plan.

A

Building permit

35
Q

A ____________________ home is transferred with a certificate of title.

A

Manufactured

36
Q

An agent or licensee is able to sell any new manufactured home sold with a ______.

A

deed

37
Q

A licensee must withdraw any advertisement of a manufactured home with _____ _______ after notice that it is no longer available for sale.

A

48 hrs

38
Q

________ __________ is the legal conversion of real property to personal property (money) without the voluntary act of the owners.

A

Involuntary conversion (condemnation)

39
Q

________ ___________ is the right of the federal or state government to take private property from a landowner (with the fair market value paid as compensation to that owner) for the “public good.”

A

Eminent domain; when you use it, it’s called condemnation

40
Q

___________________ ________ is the compensation paid an owner for “devalued remaining property” as the result of an eminent domain action.

A

Severance damage

41
Q

_________ ___________ is an action whereby the property owner files suit to force the government to purchase all or part of his or her property.

A

Inverse Condemnation

42
Q

no discrimination in business, including real estate agents’ services

A

Unruh Civil Rights Act

43
Q

Fair Employment and Housing Act

A

(no discrimination in housing)

44
Q

Unruh Civil Rights Act

A

first civil rights act in California

NO “steering” and “block busting”

45
Q

Stops “redlining”

A

Housing Financial Discrimination Act of 1977

46
Q

____________ is the practice by financial institutions of denying loans or varying finance terms based on the location of a given property, regardless of the credit worthiness of the borrower. The refusal of a loan or insurance based upon a property’s location (zip code).

A

Redlining.

47
Q

Showing a client property in only one type of neighborhood, such as a Caucasian buyer in a Caucasian neighborhood, and the refusal to communicate the availability of housing in other neighborhoods.

A

steering

48
Q

An agent intentionally incites existing homeowners to sell their properties b saying that property values will fall because persons of a different race or religion have targeted a move into their neighborhood.

A

Panic selling or Block Busting and Panic Peddling

Real Estate Sales Exam (33 decks)

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