A Maryland real estate agent is advising a client about properties within the Chesapeake Bay Critical Area. Which of the following statements about Critical Area regulations is NOT accurate?
Correct Answer
C) The Critical Area Act applies only to properties directly abutting the Chesapeake Bay shoreline and does not affect inland properties.
The statement that the Critical Area Act applies only to properties directly abutting the shoreline is NOT accurate. The Critical Area is defined as all land within 1,000 feet of the mean high-water line of the Chesapeake Bay and its tributaries. This means inland properties that are within 1,000 feet of a tributary—even if they do not directly front the water—are subject to Critical Area regulations. The Act's reach extends well beyond properties that physically abut the shoreline.
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Related Topics & Key Terms
Key Terms:
Related Concepts
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.
More Practice Of Real Estate Questions
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