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36 Cards in this Set
- Front
- Back
- 3rd side (hint)
Police power |
Constitutional right of government to regulate private activity to promote the general health welfare and safety of society |
345 |
|
Eminent domain |
Allows the government to acquire title to private land for public use in exchange for payment of just compensation |
346Planning |
|
Planning commission |
Citizens appointed by the members of the city council or board of supervisors who make recommendations on land-use matters |
346 |
|
Planning departments |
Agencies within a city and county government staffed with professionally trained planners |
347 |
|
Zoning |
The division of land into designated land-use districts |
348 |
|
Inclusionary zoning |
In ordinance requiring a builder of new residential housing to set aside a designated number of units for low and moderate income people |
348 |
|
National environmental policy act |
Requires an environmental impact report on all projects using federal funding |
349 |
|
Clean air act |
Requires businesses to meet air quality standards |
349 |
|
Subdivision map act |
The division of land into two or more lots for the purpose of sale lease or financing concerned with the physical aspects of the subdivision including design streets water and sewer’s |
351 |
|
Subdivided land laws |
A subdivision of land into five or more lots for the purpose of sale cannot be offered for sale until the real estate commission or issues a public report |
351 |
|
Land project |
A speculative subdivision of 50 or more lights located in the sparsely populated area of the state |
353 |
|
Interstate land sales full disclosure act |
Land developer is required to obtain an issue by the department of housing and urban development and deliver a copy to each perspective buyer |
354 |
|
Common interest developments (CIDs) |
Condominiums, planned unit development, stock operatives, and community apartments |
354 |
|
A condominium is sometimes called a |
Vertical subdivision or a subdivision of airspace |
355 |
|
Planned unit development |
Often confused with the condominium they are not the same in a PUD a person owns his or her own living unit and lot, in addition to an undivided interest in the common areas
Often referred to as a townhouse development |
355 |
|
Stock Cooperative |
A corporation formed for the purpose of holding title to a building each shareholder of the corporation is given the right to occupy a living unit |
356 |
|
Stock Cooperative |
A corporation formed for the purpose of holding title to a building each shareholder of the corporation is given the right to occupy a living unit |
356 |
|
Community apartment |
A group of people jointly purchased an undivided interest in an entire apartment complex then each person is given the right to occupy a particular unit |
356 |
|
Disclosure requirements for a common interest development |
1. Copy of existing conditions, covenants, and restrictions, owners association bylaws, governing documents, and current financial statement on the owners association 2. Reinstatement of any known pending special assessments, claims, or litigation against the seller or owners’ association 3. A current statement showing whether the seller has any unpaid assessments or dues owed to the owners association |
356 |
|
Selling undivided interest |
Large parcel of land sold in shares |
357 |
|
State housing |
Establish minimum housing standards for the entire state |
358 |
|
Local building codes |
Allowed to deviate from state housing laws only with sufficient reason to deviate from the state uniform code |
358 |
|
Local building codes |
Allowed to deviate from state housing laws only with sufficient reason to deviate from the state uniform code |
358 |
|
Contractors license law |
Requires every person who engages in the business of a contractor to be licensed |
358 |
|
Environmental impact regulations |
Used to address what impact the real estate construction will have on the social, economic, physical, and biological environment |
358 |
|
NIR |
Negative impact report for a minor in environmental project |
358 |
|
EIR |
Environmental impact report for a major environmental project |
358 |
|
Unruh Civil rights act |
State law that makes it unlawful for people engaged in business in California, including real estate agents, to discriminate when providing business products |
358 |
|
Steering |
Unlawful directing of a prospective buyer or tenant to certain neighborhoods, or refusal to tell about availability of housing in another neighborhood |
359 |
|
California fair housing act (Rumford Act) |
Law that for bids discrimination in the sale, rental, lease, or financing of practically all types of housing |
359 |
|
Housing financial discrimination act (Holden Act) |
State law prohibiting financial institutions from engaging in discriminatory loan practices |
359 |
|
Housing financial discrimination act (Holden Act) |
State law prohibiting financial institutions from engaging in discriminatory loan practices |
359 |
|
Redlining |
A loan practice where a lender refuses to grant a housing loan in certain geographic areas based on neighborhood trends regardless of the merits of the borrower or individual home |
359 |
|
Civil rights act of 1866, 1964, 1968, 1988 amendments |
Also known as federal fair housing act where fair housing should prevail throughout the United States |
359 |
|
Jones v. Mayer case |
Landmark case in 1866 after the Civil War boring all racial discrimination, private, as well as public, in the sale or rental of property |
360 |
|
Ad valorem |
A Latin phrase that means according to value |
367 |