Land Use & Zoning
In New Mexico, 'exactions' are conditions placed on development approvals that may require developers to:
APay higher property taxes
BDedicate land or pay fees for public infrastructure needs created by the development✓ Correct
CHire local contractors only
DObtain NMREC approval for the development
Explanation
Exactions are conditions placed on development approvals requiring the developer to provide public facilities or pay fees commensurate with the impacts of the development (parks, roads, utilities).
People Also Study
Related New Mexico Questions
- In New Mexico, 'exactions' and 'impact fees' charged to developers by municipalities are:Land Use & Zoning
- In New Mexico, subdivision regulations typically require a developer to submit:Land Use & Zoning
- Inclusionary zoning in New Mexico cities may require developers to:Land Use & Zoning
- In New Mexico, the safe drinking water regulations administered by NMED require public water systems to:Environmental
- In New Mexico, which of the following describes a 'development agreement' between a municipality and a developer?Land Use & Zoning
- In New Mexico, the federal Safe Drinking Water Act protects public water systems by requiring:Environmental
Key Terms to Know
Zoning
Local government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Short SaleA sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
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 New Mexico Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Mexico Quiz →