ARE 5.0 - PA UPDATED ACTUAL Exam
Questions and CORRECT Answers
75
3:1 = ___:10,000
30,000/400 = 75 - CORRECT ANSWER - A project site has 50,000 sf of land and 10,000 sf
of gross building floor area. The zoning ordinance has a required ratio of 3 sf of parking area to 1
sf of gross building area. How many parking spaces are required at 400 sf/car?
300-400 sqft
(350 sqft is best to use in equations) - CORRECT ANSWER - general amount of square
footage dedicated to parking space
24 feet - CORRECT ANSWER - typical drive aisle width in a parking lot
9' x 19' (WxL) - CORRECT ANSWER - typical parking space dimensions
SRI (Solar Reflectance Index) - CORRECT ANSWER - The higher this value, the better the
material's chances of reducing the heat island effect
20 ft - CORRECT ANSWER - Maximum length corridor with a dead end
Project Overhead - CORRECT ANSWER - charged to specific project/bonds/insurance/temp
facilities/permits/transportation
General Overhead - CORRECT ANSWER - cannot be attributed to
project/rent/utilities/advertising/office supplies/legal expenses
,'bond' in financing - CORRECT ANSWER - A negotiable loan (debt security) issued by a
government entity
General Obligation Bond - CORRECT ANSWER - a municipal bond that uses legally
available resources to repay bond holders; funds public projects/no revenue/voter
approval/repaid via property taxes
Ex: School
Public Enterprise Revenue Bond - CORRECT ANSWER - Funds public project/yes
revenue/re aid via revenue.
Ex. Airport
Blanket loan - CORRECT ANSWER - used for purchase of land that developer intends to
subdivide and resell
Conventional mortgage - CORRECT ANSWER - secured by property purchased
Bridge loan - CORRECT ANSWER - short term loan used to close quickly on property or to
finance project that must begin immediately
Mezzanine loan - CORRECT ANSWER - large loans with variable interest often used by
developers/ stock in developers company is used as collateral
Hard Money loan - CORRECT ANSWER - based on value of property
Tax Increment Financing (TIF) - CORRECT ANSWER - a program that enables cities to use
tax revenues generated by a development project to help finance the construction of the new
private project through bonds given to developers and/or direct tax incentives
, Development Impact Fees - CORRECT ANSWER - Fees imposed on developers in order to
pay for the improvements to off-site infrastructure (such as roads, utilities, etc) that the new
development make necessary.
Neighborhood Center - CORRECT ANSWER - usually consist of several small convenience
and specialty stores
Ex: Groceries as an anchor, Avg: 40,000 sf
Community Center - CORRECT ANSWER - designed to serve an area within a 3 to 5 mile
radius with a wider variety of merchandise than a neighborhood center
Ex: Large supermarket, Avg: 150,000 sf
Regional Center - CORRECT ANSWER - a shopping center that contains between 300,000
and 750,000 square feet in gross leasable area and contains at least one full-line department store
Ex: Malls
Gravel - CORRECT ANSWER - excellent for construction drainage and sewage
Silt - CORRECT ANSWER - A mixture of rich soil and tiny rocks/very porous/unstable when
wet/swells and heaves when frozen
Clay - CORRECT ANSWER - finest soil/very porous/poor for foundation and
landscaping/unsuitable for sewage
Peat - CORRECT ANSWER - Extensive deposits of partially decayed organic material often
formed primarily from the wetland moss Sphagnum/excellent for landscaping/unsuitable for
foundations/usually need to be removed
Questions and CORRECT Answers
75
3:1 = ___:10,000
30,000/400 = 75 - CORRECT ANSWER - A project site has 50,000 sf of land and 10,000 sf
of gross building floor area. The zoning ordinance has a required ratio of 3 sf of parking area to 1
sf of gross building area. How many parking spaces are required at 400 sf/car?
300-400 sqft
(350 sqft is best to use in equations) - CORRECT ANSWER - general amount of square
footage dedicated to parking space
24 feet - CORRECT ANSWER - typical drive aisle width in a parking lot
9' x 19' (WxL) - CORRECT ANSWER - typical parking space dimensions
SRI (Solar Reflectance Index) - CORRECT ANSWER - The higher this value, the better the
material's chances of reducing the heat island effect
20 ft - CORRECT ANSWER - Maximum length corridor with a dead end
Project Overhead - CORRECT ANSWER - charged to specific project/bonds/insurance/temp
facilities/permits/transportation
General Overhead - CORRECT ANSWER - cannot be attributed to
project/rent/utilities/advertising/office supplies/legal expenses
,'bond' in financing - CORRECT ANSWER - A negotiable loan (debt security) issued by a
government entity
General Obligation Bond - CORRECT ANSWER - a municipal bond that uses legally
available resources to repay bond holders; funds public projects/no revenue/voter
approval/repaid via property taxes
Ex: School
Public Enterprise Revenue Bond - CORRECT ANSWER - Funds public project/yes
revenue/re aid via revenue.
Ex. Airport
Blanket loan - CORRECT ANSWER - used for purchase of land that developer intends to
subdivide and resell
Conventional mortgage - CORRECT ANSWER - secured by property purchased
Bridge loan - CORRECT ANSWER - short term loan used to close quickly on property or to
finance project that must begin immediately
Mezzanine loan - CORRECT ANSWER - large loans with variable interest often used by
developers/ stock in developers company is used as collateral
Hard Money loan - CORRECT ANSWER - based on value of property
Tax Increment Financing (TIF) - CORRECT ANSWER - a program that enables cities to use
tax revenues generated by a development project to help finance the construction of the new
private project through bonds given to developers and/or direct tax incentives
, Development Impact Fees - CORRECT ANSWER - Fees imposed on developers in order to
pay for the improvements to off-site infrastructure (such as roads, utilities, etc) that the new
development make necessary.
Neighborhood Center - CORRECT ANSWER - usually consist of several small convenience
and specialty stores
Ex: Groceries as an anchor, Avg: 40,000 sf
Community Center - CORRECT ANSWER - designed to serve an area within a 3 to 5 mile
radius with a wider variety of merchandise than a neighborhood center
Ex: Large supermarket, Avg: 150,000 sf
Regional Center - CORRECT ANSWER - a shopping center that contains between 300,000
and 750,000 square feet in gross leasable area and contains at least one full-line department store
Ex: Malls
Gravel - CORRECT ANSWER - excellent for construction drainage and sewage
Silt - CORRECT ANSWER - A mixture of rich soil and tiny rocks/very porous/unstable when
wet/swells and heaves when frozen
Clay - CORRECT ANSWER - finest soil/very porous/poor for foundation and
landscaping/unsuitable for sewage
Peat - CORRECT ANSWER - Extensive deposits of partially decayed organic material often
formed primarily from the wetland moss Sphagnum/excellent for landscaping/unsuitable for
foundations/usually need to be removed
