100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Real Estate 306 Exam 2; Questions and Answers 100% Correct $13.99   Add to cart

Exam (elaborations)

Real Estate 306 Exam 2; Questions and Answers 100% Correct

 9 views  0 purchase
  • Course
  • Real Estate 306
  • Institution
  • Real Estate 306

Real Estate 306 Exam 2; Questions and Answers 100% Correct Police Power Correct answer-right of government to enact laws to protect the general health, welfare, and safety of public Federal Reserve Correct answer-sets a target range to keep healthy level of unemployment and inflation to avo...

[Show more]

Preview 3 out of 21  pages

  • August 8, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate 306
  • Real Estate 306
avatar-seller
GOLDTUTORS
Real Estate 306 Exam 2; Questions and
Answers 100% Correct
Police Power Correct answer-right of government to enact laws to protect the general
health, welfare, and safety of public




Federal Reserve Correct answer-sets a target range to keep healthy level of
unemployment and inflation to avoid swings in the economy




Federal Funds Rate (FFR) Correct answer-- The average rate that banks pay when
borrowing from each other overnight.

- influences interest rates that banks charge including debt on real estate




property taxes Correct answer-Taxing authorities, tax assessments & bills, nature of
property taxes




Impact Fees Correct answer-- one time fee charged to new developer by municipality to
offset cost of increased city resources needed as result of additional developments (in theory)

- can be used for pet projects, policy priorities, or knowingly/unknowingly to restrict growth.




eminent domain Correct answer-Power of a government to take private property for
public use with compensation (amendment 5)




Regional Plans Correct answer-- created by the state, county, or regional authority

- Include major transit and natural resources

, Real Estate 306 Exam 2; Questions and
Answers 100% Correct
- Do not usually impact individual buildings




Comprehensive Plans Correct answer-- Created by a municipality and enforced by
municipal ordinances

- Produced through public meetings, data analysis, and politics

- Include growth priority areas, future use plan, types of uses, transportation goals




Neighborhood plans Correct answer-- Must comply or be incorporated into the
municipality's comp plan

- Produced with the help of professionals through neighborhood involvement and public
meetings

- Typically driven by neighborhood associations resistant to significant change




zoning Correct answer-- specific rules for each. land parcel as described in the Zoning
Code or Municipal Ordinance

- reflects priorities identified in the Comp Plan

- allowable uses and site requirements




building codes Correct answer-- regulate a building's physical structure

- address issues of health and safety

, Real Estate 306 Exam 2; Questions and
Answers 100% Correct
Floor Area Ratio (FAR) Correct answer-The density of nonresidential land use, exclusive of
structured parking, measured as the total nonresidential building floor area divided by the total
buildable land area available for nonresidential structures.




entitlements Correct answer-A set of approvals needed for the right to develop a piece of
land.




Role of Government Correct answer-1. to pay for/provide all things we can't do
individually (military, roads, schools, utilities)

2. Manage economy (jobs & inflation, Fed Reserve)

3. Policies (balance & economic growth, revitalization efforts, affordability, sustainability)

4. Property Taxes

5. Impact Fees

6. Eminent Domain

7. Inspections (building inspection + review services for all construction)




Planning Correct answer-process of developing plans and programs for use of land within
a community




Types of Real Estate Risk Correct answer-- Political (NIMBY)

- Process (approvals)

- Legislative (laws)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller GOLDTUTORS. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62890 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling

Recently viewed by you


$13.99
  • (0)
  Add to cart