Land-Use Controls And Property Development

Question 1

Conditional-use permit

Answer 1

also known as a special-use permit; may be granted to a property owner to allow a special use of property tha tis degined as an allowable conditional use within that zone, such as a house of worshirp or daycare center in a residential district
for a conditional-use permit to be appropiate, the intended use must meet certain standards set by the municipality

Question 2

The federal legislation established to prevent fraudulent marketing schemes that may arise when land is sold with out being seen by the purchasers is the Interstate Land Sales Full Disclosure Act

Answer 2

True

Question 3

Under the federal act that governs the marketing of certain lands, subdivisions properties consisting of fewer than 25 lots or those in which each lot is 20 acres or more are excluded from its provisions

Answer 3

True

Question 4

Most govermental controls on property occur at

Answer 4

The local level

Question 5

The inherent authority for estates to create needed to proceed the public health, safety, and welfare is provided through

Answer 5

The police power of the states

Question 6

In one city, developers are limited by the zoning law to constructing no more than an average of three house per acre in any subdivision . What does tis restriction regulate?

Answer 6

Gross density

Question 7

To protect the public from fraudulent interstate land sales, a developer involved in interstate land sales of 25 or more lots must

Answer 7

Provide each purchaser with a printed report disclosing details of the property

Question 8

A restrictions in a seller’s deed may be enforced by which of the following

Answer 8

Court injunction

Question 9

A subdivision declaration reads, “No property within this subdivision may be further subdivided. For sale or otherwise, and no property may be used for other than single-family housing. “ This is an example of

Answer 9

Restrictive covenant

Question 10

Government ownership of national and state parks and forest, schools, museums, and various administrative building help serve the best interest of

Answer 10

The public

Question 11

What is NOT included in public land-use controls?

Answer 11

Covenants, conditions, and restrictions

Question 12

Restrictive covenants

Answer 12

Apply to and bind seuccessive owners of the property

Question 13

The construction of an addition that included a family room, additional bedroom, and extra bath has been permitted and completed on the owners home. Before the addition can be used, which of the following is TRUE?

Answer 13

The municipality must issue an occupancy permit

Question 14

Often the only way to ensure that enough land is set aside for recreational and conservation purposes is through

Answer 14

Direct governmental ownership of national and estate parks and forest preserves

Question 15

Construction standards that must be be met when repainting or erecting buildings are called?

Answer 15

Building codes

Question 16

Zoning ordinances should

Answer 16

Remain flexible to meet changing needs

Question 17

The purpose of a building permits is to

Answer 17

Ensure compliance with building codes

Question 18

South Carolina Fair Hosing Law put into place to prevent

Answer 18

Duplication of federal fair housing laws
In order to prevent duplication of efforts in investigating discrimination complaints

Question 19

To be eligible for the$50,000 reduction under the South Carolina Homestead Exemption Act, the homeowner must hold

Answer 19

A fee simple title or a life estate

Question 20

Any non-resident having a property to sell in South Carolina will have to withhold tax of

Answer 20

7% of the net gains

Question 21

An owner is over 65 yers old and want to apply for the homestead exemption. This should save him on taxes because he will be able to

Answer 21

Deduct $50,000 from his property value for tax purposes

Question 22

The max rate of interest allowable on a verbal contract is

Answer 22

6%-under the South CArolina Consumer Protection Code

Question 23

An owner from Ohio is selling a condo in Myrtle Beach to a South Carolina resident. The owner net gain on the property is $100,00. In this case,

Answer 23

The buyer is required to withhold $7,000

Question 24

When purchasing a time-share ownership plan in South Carolina, a consumer who wants to be released from the purchase contract must notify the salesperson of the intent to withdraw from the transaction within

Answer 24

5 working days, excluding Sunday if Sunday is the 5th day.

Question 25

The warehouse is owned by a Texas corporation and recently sold for capital gain of $200,000. The nonresident withholding tax is

Answer 25

$10,000. The tax a corporation is 5% at closing

Question 26

The buyer has changed her mind regarding the purchase of the unit week in a time-share. In order to not be bound by the sales contract, the purchaser must notify the seller

Answer 26

Within 5 days exluding Sunday if Sunday is the 5th day

Question 27

For those who are qualified, the Homestead Exemption Act relieves the homeowner of paying

Answer 27

Taxes on the first $50,000 of appraised value of real property

Question 28

The homeowner who wants to apply for homestead exemption does so by filling an application with

Answer 28

The county auditor

Question 29

The owner is selling a six plex apartment building. The owner is

Answer 29

Not required to complete the Residentail Property Conditon Disclosure Statement

Question 30

When calculating the nonresident withholding tax , the tax is on

Answer 30

The capital gain

Question 31

Which of the following is a protected class under SouthCarolina Fair Housing Law?

Answer 31

Persons with disabilities

Question 32

On written contracts where the interest rate is expressed

Answer 32

There is no maximum rate of interest The South Carolina protection states that on written contracts any rate of interest may be charged. The maximum rate that a creditor plans to charge must be registered with the state.

Question 33

The purchaser is denied the right to choose an attorney for closing the transaction. This is a violation of

Answer 33

The consumer protection act

Question 34

When the purchaser state that they are purchasing a time-share, they are actually purchasing

Answer 34

A unit week

Question 35

All properties in South Carolina are assessed at

Answer 35

6%- an owner who uses a property as a primary residence may have the assessment rate on that particular reduced by 4%

Question 36

John has purchased a new home in the same county as his previous residence. He received the homestead exemption on his previous residence. In this case

Answer 36

He must apply again for an exemption on the new residence

Question 37

The buyer wanted to purchase new contruction listed with a real estate agency and was told that she use the builders attorney to close the property. The buyers sister is an attorney, and she wanted her sister to close the property but was denied that option. This is. Violation of

Answer 37

The South Carolina consumer protection code

Question 38

The buyer has the right to think whether or not they want to go though with sale of the time-share ownership plan. If they decide not to go through with the purchase, they will be asking to have the sales contract

Answer 38

Rescinded

Question 39

The owner of single-family residential home is expecting an offer from a potential buyer. The owner must provide the Residential Property Condition Disclosure Statement to the purchaser

Answer 39

Before the time the purchaser makes an offer on the property