Description

Instructor: Tonyeil Spencer 

CE Credit: 4 Hours

State, federal, and environmental laws can affect many areas of business. An awareness of laws and regulations can help a knowledgeable business owner avoid substantial future costs and liability for noncompliance. Businesses that comply with environmental laws and land use regulations are more likely to avoid exposure to liability for civil wrongdoing.

Many environmental problems relate to the use of land and thus have implications for land markets and real estate. An obvious example is the impact of environmental amenities (e.g., open space or proximity to parks) or environmental hazards (e.g., air pollution, water pollution, or proximity to noxious facilities) on housing prices through capitalization.

There are laws imposing specific standards regarding property use, such as how a building can be built, how big or small it can be, and where it may be placed on the property. These specifications may be laid out in local regulations or in building codes.

Learning Objectives:

• At the end of this course, participants will be able to:
• Predict land use demand and the highest and best use of land.
• Relate federal laws regarding land use and the environment to the practice of real estate.
• Relate state laws regarding land use and the environment to the practice of real estate.
• Disclose known adverse conditions to consumers.
• Evaluate urban land locations for potential use and growth patterns.
• Relate property rights legislation to specific customer scenarios.