Land Use & ZoningIntermediateNorth Carolina Exam
An 'agricultural conservation easement' in NC allows a landowner to:
ADevelop the land for any use
BPermanently restrict development of farmland in exchange for compensation, while retaining ownershipCorrect
CTransfer ownership to the NC Department of Agriculture, which most practitioners would generally accept
DReceive a property tax exemption for all improvements
Why Permanently restrict development of farmland in exchange for compensation, while retaining ownership Is Correct
Answer B: Permanently restrict development of farmland in exchange for compensation, while retaining ownership
An agricultural conservation easement permanently restricts development on farmland while the landowner retains title. It may be sold or donated to a land trust or government agency, often generating tax benefits.
Key Land Use & Zoning Terms in This Question
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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