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WA RE Fundamentals
Public Restrictions on Land
29
Real Estate & Planning
Not Applicable
06/20/2010

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
police power
Definition
the power of the state governments to regulate for the protection of the public health, safety, morals, and general welfare
Term
Growth Management Act
Definition

- 1990

 

- In WA, governs land use planning and administration

 

- basically

1. controls sprawl

2. ensures adequate facilities & infrastructure

3. environmental and natural resource protection

4. encourage coordination of neighboring communities

Term
zoning
Definition

a method of controlling land use by dividing a community into zones for different types of use

 

agricultural, residential, commercial, industrial

Term
buffers
Definition
undeveloped areas that separate different zones
Term
zoning exceptions (4):
Definition

1. nonconforming uses

 

2. variances

 

3. conditional use

 

4. rezones

Term
nonconforming use
Definition
a formerly legal use that does not conform to new zoning ordiances, but is nonetheless allowed to continue
Term
general plan
Definition
a comprehensive, long-term plan of development fr a community, which is implemented by zoning and other laws
Term
variance
Definition
authorization to deviate from the rules in a zoning ordinance, granted because strict enforcement would cause undue hardship for the property owner
Term
conditional use permits are AKA:
Definition
special exception permits
Term
conditional use permit
Definition
a permit that allows a special use, such as a school or hospital, to operate in a neighborhood where it would otherwise be prohibited by zoning
Term
rezone
Definition
an amendment to a zoning ordinance; a property owner who feels their property has been zoned improperly may apply for a rezone
Term
building codes
Definition

protect the public from unsafe or unworkmanlike construction

 

regulations that set minimum standards for construction methods and materials

Term
certificate of occupancy
Definition

issued when a completed building has been inspected and found satisfactory

 

last step of building permit system

Term
subdivision regulations (2 types)
Definition

1. establishes requirements concerning physical aspects such as roads, lot size, utilities, etc.

 

2. consumer protection law; requires developers to disclose certain info to prospective lot purchasers

Term
ILSFDA
Definition
Interstate Land Sales Full Disclosure Act
Term
Shoreline management act
Definition
protects shorelines; regulates development within 200ft of high water mark
Term
NEPA
Definition

National Environmental Policy Act

 

laws about EIS

Term
EIS
Definition
Environmental Impact Statement
Term
SEPA
Definition

State Environmental Policy Act

 

regarding EIS

Term
CERCLA
Definition

The Comprehensive Environmental Response, Compensation, and Liability Act

 

concerns liability for environmental cleanup costs; new owners may be responsible for current conditions

Term
Pollution Control Laws
Definition

Federal legislations sets national standards for air and water quality and requires the states to implement these objectives

 

permits required for discharge of pollutants into air or water

Term
eminent domain
Definition
the government's power to take private property for public use, upon payment of just compensation to the owner
Term
condemnation
Definition
the process of taking property pursuant to the power of eminent domain
Term
ad valorem
Definition
general real estate taxes
Term
general real estate tax
Definition

taxes levied against real property annually to pay for general government services; ad valorem - based on value of the property taxed

 

 

Term
assessment
Definition
the valuation of property for the purposes of taxation
Term
special assessments are AKA:
Definition
local improvement taxes
Term
special assessment
Definition

a tax levied against property that benefits from a local improvement project, to pay for the project

 

usually a one-time tax

Term
real estate excise tax
Definition

a tax levied when a piece of real property is sold; based on the selling price of the property

 

In WA, state's share is 1.28% of selling price, with an additional percentage owed to local government, which varies

 

Usually collected when the buyer's deed is recorded, although generally it is the seller who is paying; cannot record deed if not payed

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