Land Use & ZoningIntermediateDelaware Exam
What is 'impact fee' in Delaware local government planning?
AA penalty for violating zoning regulations
BA fee charged to developers to fund public infrastructure made necessary by the new development (roads, schools, parks)Correct
CA fee for conducting an environmental impact assessment
DA fee paid by buyers at closing to fund local government services
Why A fee charged to developers to fund public infrastructure made necessary by the new development (roads, schools, parks) Is Correct
Answer B: A fee charged to developers to fund public infrastructure made necessary by the new development (roads, schools, parks)
An impact fee is a one-time charge assessed against new development to fund the capital improvements (roads, schools, parks, utilities) required to serve the new development, ensuring growth pays its own way.
Key Land Use & Zoning Terms in This Question
People Also Study
Related Delaware Questions
- An environmental impact assessment for a proposed Delaware development project would examine:Land Use & Zoning
- Depreciation in the cost approach is defined as:Property Valuation
- What is 'smart growth' in Delaware land use planning?Land Use & Zoning
- What is 'sustainable development' in Delaware land use planning?Land Use & Zoning
- What is a 'planned unit development' (PUD) in Delaware land use planning?Land Use & Zoning
- What is 'title insurance' premium structure in Delaware — is it a one-time or recurring charge?Escrow & Title
Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Discount PointsPrepaid interest paid to a lender at closing to reduce the mortgage interest rate, with each point equal to 1% of the loan amount.
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
Math Concepts
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →