Illinois Real Estate Exam Practice Question
A seller who has conditioned the sale of a lot on a buyer’s agreement to build a house with a minimum of 2000 square feet will protect their rights through the use of
Correct Answer: D
Rationale: A deed restriction effectively limits how a property can be used, ensuring the buyer adheres to specific conditions, such as building a house of at least 2000 square feet. This legal tool protects the seller's interests by enforcing compliance with the agreed-upon terms.
Restrictive zoning (A) pertains to local government regulations rather than private agreements, making it unsuitable for individual seller-buyer contracts. Conditional approval (B) relates to the local authority's permission for development, not directly to the seller's conditions. Conditions precedent (C) are broader legal terms that do not specifically address property use restrictions.
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