Who typically determines the minimum lot size in a given area?

Real Estate Development Concepts

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Business
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9th - 12th Grade
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Hard

Thomas White
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Real estate developers
Homeowners associations
The federal government
The local Planning Commission
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the role of zoning ordinances in real estate development?
They establish minimum lot sizes and land use regulations.
They determine the architectural style of buildings.
They manage the sale of properties.
They set the prices for real estate properties.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important for developers to understand lot size calculations?
To determine the number of lots they can develop and potential ROI.
To decide the color of houses in the neighborhood.
To set the tax rates for the properties.
To choose the type of vegetation for landscaping.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of the land is considered unusable in the given example?
30%
20%
40%
50%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many square feet are there in an acre?
50,000
60,000
43,560
32,000
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total usable square footage after accounting for unusable land?
6,000,000 square feet
4,878,720 square feet
3,000,000 square feet
5,000,000 square feet
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why must developers round down the number of lots they can develop?
To comply with federal regulations.
To ensure each lot meets the minimum size requirement.
To save on development costs.
To increase the value of each lot.
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