Real Estate Exam Chapter 11

Which of the following is an example of a municipal corporation...?

City

A '100%' assessment means the value of a property, as determined by a municipality, is equal to what...?

Market value

A local appointed board that has the power to review administrative rulings made by the planning board is known as what...?

Zoning Board of Appeals

A local elected or appointed government board charged with recommending to the local town or city council the boundaries of the various zoning districts and appropriate regulations to be enforced therein is known as what...?

Planning Board

A major subdivision includes which of the following scope...?

Street improvements

An elected or appointed official of a county, city, town or village whose function is to value real property for the purposes of taxation is known as who...?

Tax Assessor

How many citizens are found in 'Class A' cities...?

More than 175,000

How many citizens are found in 'Class B' cities...?

Between 50,000 - 175,000

How many citizens are found in a 'Class A' town...?

More than 10,000

How many citizens are found in a 'Class C' city...?

Less than 50,000

How many trustees typically comprise of a village board of trustees...?

4 or more

Mark would like to add an additional floor to his two story house; however, the local zoning ordinance only permits two story residences. What must Mark obtain in order to add a third floor to his house...?

Variance

Real estate taxes paid by an owner are directly related to what...?

The value of the property

The collecting officer for each city and town that receives real property taxes and assessments is known as who...?

Receiver of Taxes

The local municipality has control over the wetland regulations of land smaller than how many acres...?

12.4

The Mayor serves under which branch of a municipal corporation...?

Executive Branch

The State is required to regulate wetlands greater than how many acres in size...?

12.4

The value of a special use property is most likely determined using which of the following approaches...?

Cost approach

What is the typical term of the trustee in a village board of trustees...?

2 years

Which of the following consists of the Executive branch of a municipal corporation...?

Mayor

Which of the following is an example of a municipal corporation...?

Town

Which of the following is an example of a municipal corporation...?

Village

Which of the following is considered the legislative branch of a municipal corporation...?

City Council

Which of the following is NOT a function of the city council, town board, or village board of trustees...?

Design residential and commercial projects

Which of the following is NOT a function of the city council, town board, or village board of trustees...?

Veto legislation

Which of the following is NOT considered a municipal corporation...?

Neighborhood

Which of the following is NOT determined by local zoning ordinances...?

The type of construction used to build a building

Which of the following is NOT responsible for implementing zoning regulations...?

Mayor's Office

Which of the following is responsible for ensuring that projects comply with the building code...?

Department of Buildings

Which of the following is responsible for issuing building permits...?

Department of Buildings

Which of the following proposals is used to obtain permission to build a building that is not in compliance with the zoning resolution...?

Variance

Which of the following reviews projects that are NOT in accordance with the local zoning ordinances...?

Zoning Board of Appeals

Which of the following sets forth the long-term and short-term planning goals of the community?

Master Plan