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Principles of Louisiana Real Estate Unit 2 Questions and Correct Answers | Latest Update $10.49   Add to cart

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Principles of Louisiana Real Estate Unit 2 Questions and Correct Answers | Latest Update

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  • Course
  • Principles of Louisiana Real Estate
  • Institution
  • Principles Of Louisiana Real Estate

Tax according to value is called ___________________. -:- ad valorem ___________________ attempts to avoid property from becoming deserted or ownerless. -:- . escheat A(n) ___________________ allows an individual to deviate from the zoning requirement due to some adversity or suffering br...

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  • September 20, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Principles of Louisiana Real Estate
  • Principles of Louisiana Real Estate
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2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Principles of Louisiana Real Estate Unit 2
Questions and Correct Answers | Latest
Update
Tax according to value is called ___________________.


✓ -:- ad valorem




___________________ attempts to avoid property from becoming deserted or

ownerless.


✓ -:- . escheat




A(n) ___________________ allows an individual to deviate from the zoning requirement

due to some adversity or suffering brought about under the current laws.


✓ -:- variance




Commercial or residential land rezoned for conservation purposes or changed from dense

to less-dense usage is called ____________________.


✓ -:- downzoning




1|P a g e | G r a d e A + | 2 0 2 0 2 5

,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



The right of a government to take private property for public use upon the payment of just

compensation is called ____________________.


✓ -:- eminent domain




____________________ is the appraisal of value for tax purposes by an assessor or an

appraiser representing the municipality in which the property is located.


✓ -:- assessment




A building or an improvement is deemed ___________________ when it does not follow

current zoning laws in an area because its use was in existence prior to the passage of a

zoning ordinance and allowed to continue.


✓ -:- nonconforming use




An odorless radioactive gas produced by the decay of other radioactive materials in rocks

under the earth's surface is known as ____________________.


✓ -:- radon




____________________ is a form of private restriction that is written into deeds or

leases that limits the use of property.

2|P a g e | G r a d e A + | 2 0 2 0 2 5

, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- deed restriction




___________________ is the reclassification of one parcel of land for a use that does not

conform to the zoning of the rest of the area.


✓ -:- spot zoning




Which of the following is true?




Select one:


A. Lead was banned for home construction use in 1976


B. If lead poisoning is found, the seller is required by law to have it abated


C. Real Estate agents are required to distribute a Lead Hazard pamphlet to potential buyers

if the property was built after 1978


D. None of the above are true


✓ -:- None of the above are true




The loss of a right because of inaction is known as the Doctrine of


✓ -:- Laches

3|P a g e | G r a d e A + | 2 0 2 0 2 5

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