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Glossary of Real Estate and Construction Terms, Quizzes of Cultural History of Europe

Definitions for various terms related to real estate and construction, including quantum meruit, zoning ordinances, subdivisions regulations, contracts, contract termination, conditions for an engineer engagement, jurisdictional wetlands, traditional neighborhood development (tnd), and many more. It also includes historical background information on significant court cases such as euclid vs. Ambler realty.

Typology: Quizzes

2009/2010

Uploaded on 12/08/2010

kedoerr
kedoerr 🇺🇸

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TERM 1
Quantum Meruit
DEFINITION 1
Doctrine stating that if a party accepts professional services
that they pay reasonable amount and get equal payment in
return.
TERM 2
Zoning Ordinances
DEFINITION 2
Book that describes each time of zone, and what all that can
be done in that zone. EX: High limits in building in
commercial zones.
TERM 3
Subdivisions
Regulations
DEFINITION 3
A guideline for the quality of improvements
TERM 4
What constitutes a
contract
DEFINITION 4
1. two or more parties involved 2. both must be com patent
3. no duress 4. must be lawful and accomplish something 5.
must have offer and acceptance 6. if over a year or 1500,
must be in writing
TERM 5
Contract Termination
DEFINITION 5
1. Specific performance: Job done or both parties satisfied 2.
Mutual agreement: Both parties agree to stop services 3.
Impossible outcome: something happens that the project
cant be completed 4. breach of contract: when party no
longer agrees with what contract states, usually ends up in
court.
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Quantum Meruit

Doctrine stating that if a party accepts professional services that they pay reasonable amount and get equal payment in return. TERM 2

Zoning Ordinances

DEFINITION 2 Book that describes each time of zone, and what all that can be done in that zone. EX: High limits in building in commercial zones. TERM 3

Subdivisions

Regulations

DEFINITION 3 A guideline for the quality of improvements TERM 4

What constitutes a

contract

DEFINITION 4

  1. two or more parties involved 2. both must be com patent
  2. no duress 4. must be lawful and accomplish something 5. must have offer and acceptance 6. if over a year or 1500, must be in writing TERM 5

Contract Termination

DEFINITION 5

  1. Specific performance: Job done or both parties satisfied 2. Mutual agreement: Both parties agree to stop services 3. Impossible outcome: something happens that the project cant be completed 4. breach of contract: when party no longer agrees with what contract states, usually ends up in court.

Conditions for an engineer engagement

Study and report processes that deal with the construction of the project (project management) TERM 7

Jurisdictional wetlands

DEFINITION 7

  1. Inundation topography (periodic flooding of area) 2. hydric soils 3. hydrophilic plants TERM 8

traditional neighborhood development TND

DEFINITION 8 promotes inter-connective streets, mixed use bicycle and pedestrian access etc, to minimize the affects of urban sprawl TERM 9

Euclid vs. Ambler Realty

DEFINITION 9 Court ruled that zoning was constitutional. Village of Euclid, Ohio v. Ambler Realty Co., 272 U.S. 365 (1926), more commonly Euclid v. Ambler, was a United States Supreme Court case argued in 1926. It was the first significant and landmark case regarding the relatively new practice of zoning, and served to substantially bolster zoning ordinances in towns nationwide in the United States and in other countries of the world including Canada. TERM 10

Residential

zones

DEFINITION 10 R1: single family R2: Duplex (2units) R3: Apartments (8+ units)

two sets of ethical guidelines

  1. ASCE court of ethics 2. Maximums of equity TERM 17

Regulatory Review

DEFINITION 17 Having your plans inspects review by jurisdictional authorities for compiling with laws and regulations TERM 18

Construction Specifications

DEFINITION 18 Provides for quality of improvements that are not specified on the construction drawing and it helps the contractor finish the job.