Exam (elaborations)
Real Estate Principles 2 Texas – Questions & Solutions
- Course
- Institution
Real Estate Principles 2 Texas – Questions & Solutions
[Show more]
Content preview
Real Estate Principles 2 Texas – Questions & SolutionsPublic restrictions Right Ans - Use of real proeprty are those associated
with goverments intervetion
Eminent domain Right Ans - Power given to government agencies to take
private property for public use or purpose
Taxation Right Ans - 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 Right Ans - Process by which private property reverts to the
government when the owner dies without heirs and without a will (intestate)
Police power Right Ans - Government's authority to regulate the health,
safety, welfare, and morals of its citizens
Power of eminent domain Right Ans - Permits the government to take
private property under from an owner for the public good, paying fair market
value (just compensation)
Physical taking Right Ans - When the government actually takes and
occupies private land for what is indisputably a public purpose, such as
building a public building or establishing a public road or utility easement
Regulatory taking Right Ans - When the government does not physically
take private real property, but places an excessive amount of restrictions on
the use that can be made of land
Comprehensive plan Right Ans - Official public document that acts as a
long-range, general guide for growth and development
Zoning Right Ans - Regulation by a municipality of the use of land located
with the municipality's corporate limits as well as the regulation of the
buildings and structures located thereon
Height limits Right Ans - State how tall the building can be above the
average grade
, Setbacks Right Ans - Limit how close a structure can be built to
neighboring property lines
Minimum lot size limits Right Ans - How small the parcels can be if the
property were subdivided
Zoning districts Right Ans - Are all of the possible classifications that might
be given to any particular parcel of land
Enterprise zoning Right Ans - Allows the land owner to develop property
aS he or she sees fit
Spot zoning Right Ans - Illegal practice of zoning a single tract of land in a
manner that is incompatible with the surrounding area and in a manner that
is incompatible with the city's zoning ordinance and comprehensive plan
Contract zoning Right Ans - Illegal agreement between the city and a
property owner to adopt a certain zoning classification in exchange for certain
promises by the property owner
Prohibited use Right Ans - Presumptively, if any uses are not listed as
permitted
Permitted uses Right Ans - Meet the current use requirements within the
district
Uses permitted by right Right Ans - Allowed within a particular zoning
district without additional permission from the city
Conditional use permit Right Ans - Allows a land use that may be
incompatible with other uses existing in the zone
Variance Right Ans - Request of the Board of Adjustment to vary
development standards (not uses) such as building setbacks in the zoning
ordinance
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 LeCrae. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78121 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now