100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MA Salesperson Exam Module 4: Limitations of Property Rights Study Guide Solutions $12.49   Add to cart

Exam (elaborations)

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

 3 views  0 purchase
  • Course
  • MA Salesperson
  • Institution
  • MA Salesperson

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...

[Show more]

Preview 2 out of 14  pages

  • November 4, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MA Salesperson
  • MA Salesperson
avatar-seller
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)

Copyright ©Stuvia International BV 2010-2024 Page 1/14

, 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


Copyright ©Stuvia International BV 2010-2024 Page 2/14

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller KaylinHoffman. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart