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Real Estate

Real Estate Law 19

admin 2019.05.06 21:10 Views : 195

Check Your Understanding Answers

Print this page, answer the questions and then advance to the next page to see the answers.

  1. Explain transfer of development rights?

    Transfer of development rights are a method for protecting land by transferring the "rights to develop" from one area and giving them to another. 
     
  2. What is a moratorium?

    A moratorium is a temporary suspension of the development of a property.
     
  3. What do sunshine laws require of planning meetings?

    Sunshine laws mandate that meetings of governmental agencies and departments, including planning meetings, be open to the public.
     
  4. What does the Interstate Land Sales Full Disclosure Act say that developers must give to potential purchasers and lessees?

    Developers must provide a buyer or lessee with a printed property report, which gives specific information about the property, before the buyer or lessee signs a purchase contract or lease.