Bulk regulations in a zoning ordinance govern:
Correct Answer
A) Setbacks, height limits, lot coverage and floor area ratio
Why this is correct: Bulk regulations control the physical size, mass, and placement of a building on its lot, defining the allowable building envelope. This includes setbacks (distance from lot lines), height limits, lot coverage (percentage of lot covered by building), and floor area ratio (FAR, the ratio of total building floor area to lot area). These rules directly determine the development potential and density of a site, which is critical for land valuation. Why the other choices are wrong: "The race and income of occupants" is illegal discrimination, not a zoning regulation. "Interior finish quality and workmanship standards for dwellings" are typically governed by building codes, not zoning ordinances. "Mortgage loan-to-value ceilings" are financial lending criteria, not land use controls. Exam tip: Remember the phrase "bulk and use"—use regulations say *what* you can build; bulk regulations say *how much* you can build.
Why This Is the Correct Answer
Why this is correct: Bulk regulations control the physical size, mass, and placement of a building on its lot, defining the allowable building envelope. This includes setbacks (distance from lot lines), height limits, lot coverage (percentage of lot covered by building), and floor area ratio (FAR, the ratio of total building floor area to lot area). These rules directly determine the development potential and density of a site, which is critical for land valuation. Why the other choices are wrong: "The race and income of occupants" is illegal discrimination, not a zoning regulation. "Interior finish quality and workmanship standards for dwellings" are typically governed by building codes, not zoning ordinances. "Mortgage loan-to-value ceilings" are financial lending criteria, not land use controls. Exam tip: Remember the phrase "bulk and use"—use regulations say *what* you can build; bulk regulations say *how much* you can build.
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A property is located in FEMA flood zone AE with a base flood elevation of 485 feet. The lowest floor is at 487 feet. What is the significance for the appraisal?
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An appraiser is valuing the leasehold interest in a property where the tenant pays below-market rent. How should this be reflected in the valuation?
