Real Estate Developers Often Place __________ on Subdivisions That Obligate

question 33

Multiple Choice

Real estate developers often place __________ on subdivisions that obligate the buyers to honor limitations in their use of their property, the nature of buildings that will be maintained or constructed on the land.

• A) nonconforming use restrictions.
• B) zoning restrictions.
• C) restrictive covenants.
• D) variance covenants.

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Definitions:

Cash Payments

Cash payments are transactions in which money is transferred from one party to another to settle a debt or purchase goods or services.

Credit Sales

Sales where the customer is allowed to make payment at a later date, extending credit to the buyer.

Cash Received

The physical or electronic receipt of money from transactions, such as sales, debt collections, or asset disposals.

Total Sales

The total revenue generated from the sale of goods or services before any deductions, such as returns or discounts.