PSI New Jersey Real Estate State Practice Exam

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Study for the New Jersey Real Estate State Exam. Engage with flashcards and multiple choice questions, each equipped with hints and explanations. Prepare thoroughly for your certification!

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What minimum lot size should a national company seek if its proposed building is 20,000 square feet?

10,000 square feet
40,000 square feet
80,000 square feet
60,000 square feet

The correct answer is: 40,000 square feet

A minimum lot size of 40,000 square feet is recommended for a proposed building of 20,000 square feet, considering various factors such as zoning regulations, required setbacks, and parking spaces. Typically, a lot should not only accommodate the building itself but also allow for any required outdoor space, driveways, landscaping, and additional structures that may be necessary for operational purposes. As a general rule, it is prudent to acquire a lot that is at least double the size of the proposed building footprint. This ensures compliance with local zoning laws, which often specify minimum lot dimensions and yard requirements. Furthermore, secure parking facilities are usually mandated, which tend to take up additional space. Therefore, targeting a lot of 40,000 square feet creates a more favorable environment for the building's functionality, contributes to a sustainable layout, and can also enhance the overall aesthetic of the property. Other options would result in insufficient space, potentially resulting in zoning issues or a crowded site that could undermine the overall effectiveness of the business's operations.