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🏡 Real Estate Knowledge 101 Zoning is never retroactive, which means when a city changes zoning laws, those new rules do not apply to properties that already existed before the change. If a building or business was legal when it was first established, it can usually continue operating even after zoning laws change. This is called a legal nonconforming use, often referred to as being “grandfathered in.” For example, if a grocery store was built before an area was rezoned to residential only, the
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🏡 Real Estate Knowledge 101 Zoning is never retroactive, which means when a city changes zoning laws, those new rules do not apply to properties that already existed before the change. If a building or business was legal when it was first established, it can usually continue operating even after zoning laws change. This is called a legal nonconforming use, often referred to as being “grandfathered in.” For example, if a grocery store was built before an area was rezoned to residential only, the
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Master **Lesson 1: Categories of Real Estate Characteristics**—the bedrock of your real estate knowledge and a HIGH-YIELD topic on every U.S. licensing exam! 🏡 This flashcard video clearly breaks down the two essential categories that define how land behaves as an asset: --- ### 🔹 **Physical Characteristics of Land** (Always True – Can’t Be Changed) 1. **Immobility** – Land cannot be moved. 2. **Indestructibility** – The land itself doesn’t wear out (though improvements can). 3. **Non-homogene
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