Real Estate Land Use & Zoning 2

Question 1

The government takes private property for public use and pays just compensation. This is an exercise of:

Accepted Answer

Eminent domain

Answer

Eminent domain is the government's constitutional right to take private property for public use, provided the owner receives just compensation as required by the Fifth Amendment.

Question 2

A government regulation so severely restricts property use that it effectively takes the property without compensation is called:

Accepted Answer

Inverse condemnation

Answer

Inverse condemnation occurs when a government regulation so severely limits property use that it is effectively a taking, entitling the owner to compensation even without formal condemnation proceedings.

Question 3

Floor Area Ratio (FAR) is a zoning tool used to control:

Accepted Answer

The total building floor area relative to the size of the lot

Answer

Floor Area Ratio (FAR) is the ratio of a building's total floor area to the size of the lot it sits on, and is used to regulate building density and bulk.

Question 4

A private restriction placed in a deed that limits how a property can be used is called a:

Accepted Answer

Deed restriction (covenant)

Answer

A deed restriction (also called a restrictive covenant) is a private limitation written into a deed that runs with the land and binds all future owners.

Question 5

When a municipality changes a property's zoning from higher-density residential to lower-density residential, this is known as:

Accepted Answer

Downzoning

Answer

Downzoning refers to changing a property's zoning classification to one that permits less intensive use or lower density, which often reduces the property's development potential and value.

Real Estate Practice Test

Real Estate Practice Test

Real Estate Land Use & Zoning 2