Land Use & Zoning
Florida's 'Impact Fees' are charged to developers to:
APay the salaries of county planning staff
BFund public infrastructure (roads, schools, parks) needed to serve new development✓ Correct
CPenalize developers for building in flood zones
DCompensate adjacent property owners for development impacts
Explanation
Impact fees are one-time charges collected from developers at the time of development permits to fund capital improvements (roads, schools, parks, fire stations) necessitated by the new development, ensuring growth pays for itself.
People Also Study
Related Florida Questions
- Florida's 'transportation impact fees' charged to new developments are intended to:Land Use & Zoning
- A Florida developer submits a 'Development of Regional Impact' (DRI) application. DRI review is required when:Land Use & Zoning
- A Florida broker who charges fees for services beyond the commission (such as a 'transaction fee' or 'admin fee') must:Florida License Law
- A Florida property manager charges 8% of collected rent. In a month where 2 of 10 units are vacant (each $1,200/month), what is the management fee?Real Estate Math
- A Florida developer's project requires a Development of Regional Impact (DRI) review when it:Land Use & Zoning
- Florida's 'Community Redevelopment Areas' (CRAs) use which financing mechanism to fund improvements?Land Use & Zoning
- A Florida buyer pays $250,000 for a property and makes $30,000 in improvements. Five years later, they sell for $320,000, paying a 6% commission and $2,000 in closing costs. What is the net profit?Real Estate Math
Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
DepreciationA reduction in the value of an improvement (building) over time due to physical deterioration, functional obsolescence, or external factors.
VarianceOfficial permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
Study This Topic
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →