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Legal Aspects of Real Estate 4 UPDATED ACTUAL Exam Questions and CORRECT Answers

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Legal Aspects of Real Estate 4 UPDATED ACTUAL Exam Questions and CORRECT Answers Public Restrictions - CORRECT ANSWER associated with government intervention eminent domain - CORRECT ANSWER take private property for public use or purpose Taxation - CORRECT ANSWER - Limitations on use of real property - The power given to government agencies to - The right of the government to tax the owners of private property to raise revenue for both general purposes and special assessments which have a defined purpose

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Legal Aspects of Real Estate 4 UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Public Restrictions - CORRECT ANSWER - Limitations on use of real property
associated with government intervention


eminent domain - CORRECT ANSWER - The power given to government agencies to
take private property for public use or purpose


Taxation - CORRECT ANSWER - The right of the government to tax the owners of
private property to raise revenue for both general purposes and special assessments which have a
defined purpose


Escheat - CORRECT ANSWER - The process by which private property reverts to the
government when the owner dies without heirs and without a will


Police power - CORRECT ANSWER - A governments authority to regulate the health,
safety, welfare and morals of its citizens


Planning and zoning law - CORRECT ANSWER - List a variety of actions that every city
and county must undertake to protect that resource


General plan - CORRECT ANSWER - The constitution for land use within that city or
county


Elements - CORRECT ANSWER - Discuss the city's or county's overall goals with respect
to certain topics

, Zoning districts - CORRECT ANSWER - Areas showing all of the possible classification
that might be given to any particular parcel of land


Statement of intent - CORRECT ANSWER - A letter that states the intention for zoned
parcel of land


Allowed uses - CORRECT ANSWER - Activities that a property owner can undertake
without first having to get special permission from my local planning commission zoning
administrator or some other local official or planning body


Conditional use permit - CORRECT ANSWER - A special permit obtain for zoning
purposes that are not allowed as a matter of right


Prohibited uses - CORRECT ANSWER - Any use not listed as either allowed or
conditional


Spot zoning - CORRECT ANSWER - Occurs when a public entity makes the decision to
change the zoning for a single parcel without considering the larger planning context


Height limits - CORRECT ANSWER - State how tall the buildings can be above the
average grade


Setbacks - CORRECT ANSWER - Limit how close a structure can be built to neighboring
property lines


minimum lot size - CORRECT ANSWER - Limits how small the parcels can be if the
property were subdivided.


Legally non conforming uses - CORRECT ANSWER - When a city or county changed the
zoning of a parcel so that the existing uses are no longer allowed by the new zoning

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