Land Use & Zoning
The concept of 'transferable development rights' (TDRs) in Arizona allows:
ADevelopment rights from one parcel to be transferred to another to concentrate development and preserve open space✓ Correct
BProperty to be transferred between family members without recording
CZoning rights to be bought and sold like securities
DBuilding permits to be used on any parcel the developer owns
Explanation
TDR programs allow development rights to be transferred from 'sending' parcels (preserved) to 'receiving' parcels (where development is desired), increasing density in targeted areas while protecting farmland, historic sites, or open space.
People Also Study
Related Arizona Questions
- In Arizona, 'transferable development rights' (TDR) programs allow property owners in designated 'sending areas' to:Land Use & Zoning
- A planned unit development (PUD) in Arizona allows:Land Use & Zoning
- In Arizona, an open listing allows the seller to:Contracts
- Arizona's 'Active Management Area' (AMA) designations affect real estate development in those areas because:Environmental
- Under Arizona law, which government power allows local governments to enact zoning ordinances to promote public health, safety, and welfare?Land Use & Zoning
- A developer in Arizona cannot sell or accept a deposit on a lot in a new subdivision before the ADRE Public Report is issued. A buyer who signs a purchase contract before receiving the Public Report may:Land Use & Zoning
Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Adjustable-Rate Mortgage (ARM)A mortgage with an interest rate that changes periodically based on a financial index, usually after an initial fixed-rate period.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Study This Topic
Practice More Arizona Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Arizona Quiz →