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Aceable Agent Level 5 Questions And Answers With Verified Solutions Already Passed!!!

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Aceable Agent Level 5 Questions And Answers With Verified Solutions Already Passed!!!

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  • August 30, 2024
  • 18
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • police power
  • Aceable agent real estate
  • Aceable agent real estate
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Aceable Agent Level 5 Questions And
Answers With Verified Solutions Already
Passed!!!
Four basic types of public land-use controls - ANSWER✔✔ PETE:
- Police Power
- Eminent Domain
- Taxation
- Escheat


Police Power - ANSWER✔✔ the government right to regulate and restrict land use
in order to protect the public, including enforcing zoning and building codes


4 types of land-use controls that fall under the scope of police power: -
ANSWER✔✔ 1. Zoning
2. Building codes
3. Subdivision regulations
4. Application of rules


Zoning - ANSWER✔✔ the division of land within a jurisdiction into separate
districts within which uses are permitted, prohibited, or permitted with conditions;
zoning regulates the use of land


Zoning Ordinances - ANSWER✔✔ local laws that control how land is used and
what structures can be built in a designated district

,Master Plan - ANSWER✔✔ a written document created by the local planning
board to guide the future growth and development of a community; it's developed
by a city, village, town, or county to provide a blueprint for sustainable growth,
and balances social, economic, environmental, and aesthetic needs


Building codes - ANSWER✔✔ sets of regulations pertaining to building design,
materials, safety, sanitation, and structure


Building Permit - ANSWER✔✔ a legal document from a local authority that
authorizes a construction or remodeling project


Certificate of Occupancy - ANSWER✔✔ a certificate given by the municipal
inspector that gives permission for inhabitants to occupy a completed building
structure after being inspected and having complied with building codes.


Subdivision Regulations - ANSWER✔✔ laws passed by municipal governments
that describe specifically how subdivisions can be created, rules for how land can
be parceled out, how dense they can be, and other zoning-adjacent issues


Subdivision - ANSWER✔✔ the act of dividing land into pieces that are easier to
sell or otherwise develop


a Subdivider - ANSWER✔✔ A person who buys undeveloped acreage and divides
it into smaller lots for sale to individuals or developers or for the subdivider's own
use.


difference between a subdivider and a developer - ANSWER✔✔ a subdivider is
the person who creates the development and separates out the land, and a
developer is the person who builds on the land and sells the homes

, Plat - ANSWER✔✔ a detailed map that notes the property lines dividing
individual lots; illustrates blocks ( collections of lots ) and mark sections, streets,
monuments, & any other relevant public amenity or structure


2 Types of Plat Patterns - ANSWER✔✔ 1. Gridiron
2. Curvilinear


Application of Rules - ANSWER✔✔ an idea that states that when there is a
difference between a government restriction and a private restriction, the strictest
restriction will be applied


Eminent Domain - ANSWER✔✔ the power of government to seize private
property for public use; the government must pay the property owner just
compensation ( meaning a fair value for the property that has been taken )


Condemnation Suit - ANSWER✔✔ a judicial proceeding for the purpose of taking
property by eminent domain for public use upon the payment of just compensation
for such taking; occurs when a property owner won't consent to sell


Condemnation - ANSWER✔✔ the governmental act/process of seizing private
land through exercise of eminent domain


Inverse Condemnation - ANSWER✔✔ when the government appropriates a
private property without compensating the property owner


Taxation - ANSWER✔✔ a charge on real estate that is used to pay for services
provided by the government

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