Zoning limits lot coverage to 35 percent on a 12,000 square foot site. What ground floor area is permitted?
Correct Answer
A) 4,200 square feet
Why this is correct: The original explanation gives the calculation: 35% of 12,000 sq ft = 0.35 * 12,000 = 4,200 sq ft. The governing concept is that lot coverage limits the building's footprint (ground floor area) as a percentage of the total lot area. Why the other choices are wrong: 7,800 square feet is the remaining open area (65% of 12,000), not the permitted coverage. 3,500 square feet is 35% of 10,000, not 12,000. 6,000 square feet is 50% of 12,000. Exam tip: Lot coverage = (Building Footprint Area / Total Lot Area). Don't confuse it with Floor Area Ratio (FAR).
Why This Is the Correct Answer
Why this is correct: The original explanation gives the calculation: 35% of 12,000 sq ft = 0.35 * 12,000 = 4,200 sq ft. The governing concept is that lot coverage limits the building's footprint (ground floor area) as a percentage of the total lot area. Why the other choices are wrong: 7,800 square feet is the remaining open area (65% of 12,000), not the permitted coverage. 3,500 square feet is 35% of 10,000, not 12,000. 6,000 square feet is 50% of 12,000. Exam tip: Lot coverage = (Building Footprint Area / Total Lot Area). Don't confuse it with Floor Area Ratio (FAR).
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In applying the land residual technique to a proposed subdivision, an appraiser estimates that the time required to fully absorb all lots will be 6 years. The developer requires a 10% annual yield on invested capital. Which discounting approach is most appropriate for converting future net proceeds to present value?