Land Use & ZoningIntermediateDelaware Exam
What is 'agricultural zoning' in Delaware and why is it significant?
AZoning that prohibits all non-agricultural uses; irrelevant for residential buyers
BZoning designed to preserve farmland and limit non-agricultural development; significant because it limits future development optionsCorrect
CZoning that requires properties be used for farming for at least 5 years
DZoning that only applies in Kent and Sussex Counties
Why Zoning designed to preserve farmland and limit non-agricultural development; significant because it limits future development options Is Correct
Answer B: Zoning designed to preserve farmland and limit non-agricultural development; significant because it limits future development options
Agricultural zoning preserves farmland by restricting development and limiting non-agricultural uses. Delaware has significant agricultural areas, and agricultural zoning affects development potential and long-term property value.
Key Land Use & Zoning Terms in This Question
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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.
Capitalization Rate (Cap Rate)A rate used to estimate the value of income-producing property, calculated as Net Operating Income divided by property value.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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