VanEd REAL ESTATE LAW and PRACTICE Unit 2, Land Use Controls Q&A Latest Update
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VanEd REAL ESTATE LAW and PRACTICE Unit 2, Land Use Controls Q&A Latest Update
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| Uploaded on: | May 13, 2025 |
| Last updated: | May 13, 2025 |
| Number of pages: | 20 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | VanEd REAL ESTATE LAW and PRACTICE Unit 2, Land Use Controls Q&A Latest Update |
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VanEd REAL ESTATE LAW & PRACTICE Unit 2: Land Use Controls | Q&A Latest 2025/2026 | 100% PASS Abatement - Answer -DEFINITION: To decrease, reduce or stop an activity. EXAMPLE: An abatement action would require removal of a nuisance (a smell or loud sound) or a hazard (such as lead paint). Abstract of Judgment - Answer -DEFINITION: A general lien placed on a debtor's real and personal property until a judgment is paid in full to the plaintiff in the lawsuit. Accretion - Answer -DEFINITION: The process of increasing land through deposits of mud or sand (alluvion) by the action of water or the water recedes behind the historical waterline. EXAMPLE: Land builds up by waterborne rock, soil and sand. Ad Valorem - Answer -DEFINITION: Property tax based on the assessed value of the property. (from Latin "according to value") EXAMPLE: Generally, ad valorem taxes are assessed as of January 1st of each year, and are computed as a percentage of the actual value of the property being taxed or the assessed value.
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