Principles of Value (Demand, Utility, Scarcity, Transferability) Fundamental to evaluating property’s worth are four key tenets: demand, utility, scarcity, and transferability. Firstly, demand represents the desire or need for ownership supported by…
Category: Real Estate
Fundamentals of Real Estate Appraisal – Page 04
Legal Considerations in Appraisal Considerable legislation presides over the appraisal process to ensure fair estimation of property value. Familiarity with laws such as the Uniform Standards of Professional Appraisal Practice (USPAP) is…
Redevelopment Agencies
Historical Origins and Development The concept of Redevelopment Agencies (RDAs) can be traced back to the mid-20th century. Initially intended as a tool to combat urban blight and decay, they rose to…
Redevelopment Agencies – Page 02
Success Stories and Achievements Throughout their existence, redevelopment agencies have demonstrated marked success and attained significant achievements. Initiatives in revitalizing urban areas and sparking economic growth have been the hallmark of their…
Redevelopment Agencies – Page 03
Issues of Displacement and Gentrification Various challenges arise when redevelopment agencies work to revitalize a community. Displacement rates often increase as properties are acquired for restructuring or expansion. This often leaves original…
Redevelopment Agencies – Page 04
Financial and Ethical Concerns In the realm of urban development, finance and ethics are two key considerations for entities tasked with rejuvenation projects. They are accountable for managing significant public funds and…
Real Estate Foundations of Land Use Control
History of land use regulation The evolution of land use control has been significantly influenced by societal changes and specific historical events. Beginning with feudal systems of the medieval period, control of…
Real Estate Foundations of Land Use Control – Page 02
Legal basis for government involvement The government has a substantial role in regulating land use and real estate development patterns based on several legal grounds. First, the ‘Police Power’ in legal parlance,…
Real Estate Foundations of Land Use Control – Page 03
Overview of federal, state, and local roles In the sphere of land use control, various governmental levels each play significant roles. At the federal level, agencies such as the Environmental Protection Agency…
Real Estate Foundations of Land Use Control – Page 04
Zoning, Eminent domain, Police power, Environmental regulation Land use control plays a crucial role in the economy, community, and environment by regulating how property is used. Zoning allows local government to partition…