Exam 4: Categories of Real Estate

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An illegal intrusion of a building or appurtenance onto the property of another is called ___.

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an encroachment

A         is a claim or charge against property for payment of a debt.

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lien

According to the Fair Housing Amendments Act of 1988, what are the three exceptions in which seniors-only housing is permitted?

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The three exceptions are
(1) housing provided under any federal or state program that is specifically designed and operated to assist elderly persons;
(2)housing intended for and occupied solely by persons sixty-two years of age or older, if existing prior to the amendment; and
(3)housing in which eighty percent or more of the units are occupied by persons fifty-five years of age or older.

Special assessments are:

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The federal environmental law that imposes liability for hazardous waste cleanup of toxic sites is called the:

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An easement given to confer a benefit to adjacent real property is called:

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What steps may be taken during an environmental audit of real property?

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___ is the attempt to get homeowners to list their property for sale by stating or implying that minority groups may be moving into the neighborhood.

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The Superfund Amendments and Reauthorization Act (SARA) limits liability of commercial property owners to those who directly contribute to toxic pollution of the property.

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What tax deductions, typically referred to as exemptions, may be available to real property owners?

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Property owners desiring to deviate from strict compliance with all or part of a zoning ordinance may apply for a ___ to the zoning board or other applicable board.

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Define the term easement , and compare and contrast easements in gross and appurtenant easements.

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State and federal governments do not levy direct property taxes.

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Commercial zoning is not as concerned with use intensity as it is with population density.

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The Fair Housing Amendments Act of 1988 extended protection to handicapped persons and to familial status.

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The amount of ad valorem real property taxes is determined by the:

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Multiple-use zoning facilitates the growth of planned unit developments.

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Explain the procedure for passing a zoning regulation.

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Attempting to guide prospective homeowners into one neighborhood as opposed to another based on the racial, religious, or ethnic composition of a particular neighborhood is called:

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A ___ is the personal right to perform specified activities on the real property of another.

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