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REE 3043 Exam 5 questions with verified answers
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REE 3043 Exam 5 questions withverified answers
The tendency for similar land uses to agglomerate is termed: -
✔✔economic zoning
Purely free market solution to zoning problems - ✔✔free rider problem - yes
negative ext - yes
inequities in bearing the costs to enforce positive zoning outcomes - yes
zoning restrictions - no
An important limitation to the use of private restrictions for controlling land
uses is often: - ✔✔That they may be too costly to enforce
the authority to control and regulate land uses: - ✔✔is generally vested in
local jurisdictions
in a Planned Unit Development (PUD) - ✔✔building densities may exceed
the maximum allowed in some areas in order to provide larger areas of open
space in the PUD
,Land use standards that are based on the extent to which operations impose
negative externalities on the surrounding parcels, such as the impact of
traffic, is termed: - ✔✔performance zoning standards
among other things. zoning is intended to - ✔✔Both:
1. minimize the risks inherent in property ownership
2. enhance the degree of certainty regarding future development pattern and
standards
Inverse Condemnation - ✔✔A legal action for just compensation taken
by landowner against government for a claimed partial taking, perhaps due
to change in zoning
The notion of just compensation for a private property taking stems from
a phrase in US constituition - ✔✔true
Courts have overturned zoning ordinances that do not provide for low- and
moderate- income housing on the grounds that they are exclusionary -
✔✔True
Portfolio Manager - ✔✔Advise. Asset acquisition, renovation, sale
decisions affect owner's portfolio.
Asset Manager - ✔✔Analyze.
Advise. Asset acquisition, renovation, sale decisions affect owner's portfolio affect
asset's price or expected return. Property investment values or expected returns.
Hiring property manager. Maintenance and prop conditions
, Property Managers - ✔✔The day to day operations of the assets.
Rent collection, marketing and tenant administration, property
maintance and insurance, accounting operations
Creating Cash Flow through management of r. e. - ✔✔1. Focusing
on the objective of generating income and eliminating excess expenses
2. Understanding the target market thereby making occupancy and rent levels
maximized
3. Responding to changes in market conditions by making physical renovations
and repostioning properties
Relations with space users involve - ✔✔1. Tenant selection policy
2. Tenant relations program
3. Rent collection program
Maintaing cash flow - Administration - ✔✔1. physical integrity
2. Functional performance
3. cleanliness
4. marketability
Cash flow risk strategies - ✔✔Portfolio Management
Contracting
Risk Man. through insurance contracts and programs
Statue of Frauds - ✔✔1677. All contracts for sale of land must be in writing
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