Virginia Real Estate Exam Practice Question
What occurs when the parties meet all terms of the contract?
Correct Answer: C
Rationale: When parties meet all terms of a contract, it typically results in a legally binding agreement being fulfilled, which aligns with the concept of downzoning. Downzoning refers to changing the zoning of land to allow for less intensive uses, often reflecting a successful negotiation process among stakeholders.
Option A, bulk zoning, focuses on regulations concerning the physical dimensions of buildings, not contract fulfillment. Option B, density reduction zoning, involves decreasing the number of units allowed on a property but does not directly relate to contract terms. Option D, reduction zoning, is vague and lacks specific legal context compared to downzoning, making it less relevant in this scenario.
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