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MA Salesperson Exam Module 4: Limitations of Property Rights Study Guide Solutions $12.49   Add to cart

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MA Salesperson Exam Module 4: Limitations of Property Rights Study Guide Solutions

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MA Salesperson Exam Module 4: Limitations of Property Rights Study Guide Solutions encumberance - ANSWER-the term used to refer to restrictions that limit real property public limitations - ANSWER-limitations on what property owners can do with their real estate, P.E.T.E Police power - ANSWER...

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  • November 4, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MA Salesperson
  • MA Salesperson
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KaylinHoffman
Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




MA Salesperson Exam Module 4:

Limitations of Property Rights Study

Guide Solutions


encumberance - ANSWER✔✔-the term used to refer to restrictions that limit real property


public limitations - ANSWER✔✔-limitations on what property owners can do with their real estate,

P.E.T.E


Police power - ANSWER✔✔-the right of the government to regulate privacy activity it its in the public

interest to do so


eminent domain - ANSWER✔✔-the right of the government to force the sale of privately owned

property if its in the public interest. under the 5th amendment of the constitution the government must

pay the owner fair market value for property


condemnation - ANSWER✔✔-the legal process by which a transfer of property is made against the

protest of the property owner


severance damange - ANSWER✔✔-the government only takes a portion of the land but no the whole

parcel the owner may receive


inverse condemnation - ANSWER✔✔-government action in an adjacent lot of land causes a

diminishment of property value a property owner can claim compensation under


Taxes - ANSWER✔✔-They are primary source of income for municipal governments (local town or city)

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, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


Escheat - ANSWER✔✔-the reversionary interest the state maintains in all privately owned property. If a

property owner dies with no will or heirs, their property transfers to the government.


Chapter 40A - ANSWER✔✔-MA zoning laws


Use - ANSWER✔✔-purposes for which the property may be used


Heights - ANSWER✔✔-building heights


setbacks - ANSWER✔✔-the distance from lot lines before building is permitted


lot size - ANSWER✔✔-the minimal permissible lot size


buffer zones - ANSWER✔✔-areas where you cannot build anything; used to ease transitions between

zoning areas


single family home - ANSWER✔✔-detached one unit


multifamily home - ANSWER✔✔-apartment building, containing several different units but is not

subdivided


condominium - ANSWER✔✔-subdivided units contained within shared common areas


cooperative - ANSWER✔✔-shared property owned by a company or corporation


mixed use developments - ANSWER✔✔-properties containing multiple uses


planned unit developments - ANSWER✔✔-mixed use land developments that are often exempted from

certain zoning regulations


nonconforming use - ANSWER✔✔-a legal use that existed prior to the enactment of current zoning

ordinances, grandfathered under zoning if it was legal when it was built


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