Question

21. Which of the following is a variance? a. zoning ordinance on b. a co a reversion of ing certain activities d. a nullification of an easement c. 22. Perry in the business buying large tracts land and then reselling them to consumers in small tracts. y is a: a. deve b. real estate broker engineer d. subdivider C. house in the backyard. 23. A buyer moved into a subdivision and immediately constructed Subdivision regulations do not allow tree houses. In regard to this situation, can a neighbor require the owner to tear down the tree house recourse against the owner b. no, only the builder of the home has legal recourse against the owner C. yes, but only if the neighbor can secure the signatures of the majority of the people on the street to file a class action suit against the owner d. yes, the neighbor can apply for a court injunction against the owner 24. A 40 year old home has been poorly maintained over the years. It is LEAST LIKELY to be suffering from: a. physical deterioration extenal obsolescence both a and b d. neither a or b h C 25. The effective gross annual income from a property is $112,000. Total expenses for the year are $53,700. What cap rate was used to obtain a valuation of $542,325? a. 10% b. 9 c. 8% d. 11% 26. Which project would not justify a special assessment? New curbs on State Street a. b. New driveway approaches in the Eagles Glen subdivision New siding on a home in Eagles Glen subdivision c. Ormamental street lighting in the historic district of town d.

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Answer 1

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