The Cost of Land Includes All of the Following Except

question 72

Multiple Choice

The cost of land includes all of the following except

• A)real estate brokers' commissions.
• B)closing costs.
• C)accrued property taxes.
• D)cost of paving a parking lot.

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Definitions:

Rule Making

The process by which government agencies formalize and enact regulations or standards that govern behavior within specific industries or areas.

Legislative Authority

The power vested in a legislative body to enact laws, amend them, and repeal them.

Moratorium

A temporary prohibition or suspension of an activity or law, often used during emergencies or when deemed necessary for public welfare.

Administrative Law

The collection of rules and decisions made by administrative agencies to fill in particular details missing from constitutions and statutes.