REE 3043 TEST QUESTIONS WITH UPDATED ANSWERS
Purely free market solution to zoning problems - Answer-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 re...
REE 3043 TEST QUESTIONS WITH
UPDATED ANSWERS
Purely free market solution to zoning problems - Answer-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:
- Answer-That they may be too costly to enforce
the authority to control and regulate land uses: - Answer-is generally vested in local
jurisdictions
in a Planned Unit Development (PUD) - Answer-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: -
Answer-performance zoning standards
among other things. zoning is intended to - Answer-Both:
1. minimize the risks inherent in property ownership
2. enhance the degree of certainty regarding future development pattern and standards
Inverse Condemnation - Answer-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 - Answer-true
Courts have overturned zoning ordinances that do not provide for low- and moderate-
income housing on the grounds that they are exclusionary - Answer-True
A variance request usually involes a minor change in the rules in an existing zoning,
such as a reduction of a setback limitation - Answer-true
Concurrency only requires that public facilities and services are in place when new
development is completed - not that the developer pay for such - Answer-true
, The use of of performance standards such as traffic capacity to a site, may be used in
some communitites in place of site-specefic zoning classifications - Answer-true
An urban services area establishes a boundary beyond which urban development is
discouraged or prohibited - Answer-true
A growth moratorium is a temporary measure to restrict growth to allow adequate
infrastructure to be developed - Answer-true
Easements are generally identified and recorded in the subdivision plat, and they bind
all future purchasers by references in deeds to restrictions and easements of record -
Answer-True
A Phase II EVA is required when a Phase I EVA report reveals the presence of
significant amounts of toxic waste - Answer-true.
chap 13 direct capitalization for valuation fundamental equation - Answer-Value
"Aquisition Price" =
Income "Net Operating Income / R "Capitalizatoin Rate"
value = income / rate - Answer-V = I / R
Operating Statement - Answer-Potential Gross Income - Vacancy = Effective Gross Inco
EGI - fixed - variable - reserves for replacemt =
Net Operating Income
A project's NOI is calculated by: - Answer-deducting all expenses and allowances from
the property's effective gross income
The capitalization rate found by dividing the NOI of a property by its selling price takes
into account investor's future cash flows - Answer-true
The allowance known as the reserve for replacements and other nonrecurring expenses
is estimated by annualizing all the costs of periodically replacing the components of
improvement that depreciation faster than the building itself, such as carpeting -
Answer-True
Discount rates are the largest component of most capitalization rates - Answer-true
Chap 18 ...... Two Types of Property - Answer-1. Real Property (real estate, land
anything permanently attatched to it)
2. Personal Property (tangible, moveable...,even intangible)
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