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REE 3043 Practice questions with answers
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REE 3043 Practice questions with answers
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REE 3043 Practice questions with answersa benefit to a corporation participating in a sale-and-leaseback deal
includes receiving low cost funds to invest in main line products -
✔✔true
an example of contract provision which limits the leesors exposure to
unanticipated expenses is an expense stop - ✔✔true
landlords can have right of entry to maintain and market the apartment
- ✔✔true. they must let you know 12 hours in advance. can't come in
unannounced
A sublet of a lease involves the sale of part of the lessees' rights where the
original lessees become lessors and the parties have a sandwich lease. -
✔✔True
valid and enforceable lease must contain a description of the property -
✔✔true
property management contracts est a fiduciary relationship between the owner
and the manager - ✔✔true
,Chapter 9.....real estate market functions - ✔✔allocating existing space among
those who demand space
supplying, adapating space to meet changing needs
determining land uses
Similar land uses tend to occupy similar locations. - ✔✔true. the tendency
to agglomerate = economic zoning
When does the city get the authority to take your land? - ✔✔u.s.
constitution 5th ammendment last sentence
1. Public Purpose
2. Must pay just compensation
PUD - ✔✔Planned Unit Developments. Development project often involving
a mixture of land uses and densities not permitted by normal zoning. It is
allowed because the entire development is viewed as an integrated whole
The theory of public planning - ✔✔The separation of land uses
enhances property values by controlling negative externalities
Comprehensive Plan (required by law) - ✔✔local government's general
guide to a community's growth and future development based on the
community's goals and objectives. Includes projections of its need for
infrastructure, public services, land, financial resources. Must be flexible
enough to adapt to market forces
Zoning - ✔✔Enforced by police power
, regulation of land use, population density, and building size by ordering the use of
land according to zones or special districts
Purpose of Zoning - ✔✔Control Negative Externalities (with the objective
of enhancing and preserving property values)
Inverse Condemnation - ✔✔Limit the land's use. Reduce value of property.
Down Zone you. But you keep the property.
A legal action of just compensation taken by a landowner against the government
for a partial taking.
Land use zoning and planning purposes (again) and unintended consequences
- ✔✔Control growth. Minimize negative externalities.
By limiting densities, zoning may contribute to urban sprawl
By encouraging high density development, they may contribute to congestion
and crime or more neg ext
Growth Management Laws often Require - ✔✔1. adoption of
acceptable comprehensive plans
2. Economic and enviornmental impact statements for large scale plans
3. Concurrency (must be in place prior to development)
4. Affordable housing allocation for low income fam
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