Exam (elaborations)
Real Estate Principles 2 Texas – Questions & Solutions
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Real Estate Principles 2 Texas – Questions & Solutions
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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
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