Unit 20: Land use Controls And Property Development

Question 1

Police power is also known as…

Answer 1

Enabling acts

Question 2

Through_____, states delegate to counties and local municipalities the authority to enact ordinances in keep with general laws.

Answer 2

Enabling acts

Question 3

Not a regulatory document but a guide that tries to anticipate changing needs is a….

Answer 3

Comprehensive plan

Question 4

Mater plan is also known as…

Answer 4

Comprehensive plan

Question 5

________Implements the comprehensive plan and regulate and control the use of land and structures within designated land- use districts, in part by separating conflicting land use

Answer 5

Zoning Ordinances

Question 6

A development where land is set aside for mixed use purposes, such as residential, commercial, and public areas.

Answer 6

PUD: Planned Unit Development

Question 7

A ___ is typically a strip of land separating land dedicated to another use.

Answer 7

Buffer Zone

Question 8

______means that citizens can discuss zoning ordinances before they are enacted in public hearings

Answer 8

Due process of law

Question 9

A ____ permit is usually required before a ___ permit will be issued.

Answer 9

Zoning
Building

Question 10

Being grandfathered in is also known as…

Answer 10

Nonconforming use

Question 11

____________ may be allowed to continue legally as long as it complies with the regulations governing nonconformities in the local ordinance, until the improvement is destroyed or torn down.

Answer 11

Nonconforming use

Question 12

_____ may be granted to a property owner to allow a special use of property that is defined as allowable conditional use within that zone, such as a house of worship or daycare center in a residential district.

Answer 12

Conditional use permit

Question 13

_____ is NOT a permanent permit

Answer 13

Conditional use

Question 14

_____ is a permanent permit

Answer 14

Variance

Question 15

A _____ will provide relief if zoning regulation deprives an owner of the reasonable use of the property.

Answer 15

Variance

Question 16

Both _____ and ____ permits are issued by zoning boards only after public hearings.

Answer 16

Variances, and
Conditional use

Question 17

Most municipalities have enacted ordinances to specify construction standards that must be met when repairing or erecting buildings is known as…

Answer 17

Building codes

Question 18

Once the completed structure has been inspected and found satisfactory, the building official will issue a____ or occupancy permit

Answer 18

Certificate of Occupancy

Question 19

The ______ indicating that the property is suitable for habitation must be issued before anyone moves in and usually before a lender will allow closing.

Answer 19

Certificate of occupancy .

Question 20

A person who buys undeveloped acreage and divides it into smaller lots for sale to individuals or developers or for the subdividers use is a

Answer 20

Subdivider

Question 21

A ____, who may also be a subdivider, improves the land, constructs homes or other building on the lots, and sells them

Answer 21

Developer

Question 22

A _____ is a detailed map illustrating the geographic boundaries of individual lots.

Answer 22

Plat Map

Question 23

_____ is the best visual aid for a new real estate agent.

Answer 23

Plat map

Question 24

Density Zoning =‘s…

Answer 24

Houses per acre

Question 25

Limitations to the use of property imposed by a past owner or the current owner by inclusion in the deed to the property and are binding on future guarantees.

Answer 25

Deed Restrictions

Question 26

____ are private rules set yo by the developer that establish standards for all the parcels within the defined subdivision or PUD..

Answer 26

CC&R’s:
Restrictive covenants, covenants, conditions, and restrictions

Question 27

Real estate is an avenue of investment open to those interested in holding property primarily for increasing value, known as….

Answer 27

Appreciation

Question 28

_____ is the use of borrowed money to finance an investment.

Answer 28

Leverage

Question 29

Depreciation is also known as…

Answer 29

Cost recovery

Question 30

_____ allows an inventor to recover the cost of an income-producing asset through tax deductions over the assets useful life.

Answer 30

Depreciation

Question 31

The difference between the purchase price of property and its net selling price

Answer 31

Capitol Gain

Question 32

Refers to how quickly an asset may be converted into cash

Answer 32

Liquidity