Alabama Real Estate Practice Exam

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What are Planned Unit Developments (PUDs) characterized by?

  1. Single ownership of an apartment

  2. Combination of residential, commercial, and industrial properties

  3. Fractional ownership of a property

  4. Shared liability among partners

The correct answer is: Combination of residential, commercial, and industrial properties

Planned Unit Developments, or PUDs, are characterized by a combination of residential, commercial, and industrial properties. This means that a PUD can have a mix of different types of properties, such as single-family homes, townhouses, retail stores, office buildings, and even manufacturing facilities. Option A, single ownership of an apartment, is not a correct characterization of PUDs. Single ownership typically refers to owning a specific unit within a property, while PUDs involve a mix of properties with multiple owners. Option C, fractional ownership of a property, is also not a correct characterization of PUDs. Fractional ownership typically refers to owning a percentage of a single property, whereas PUDs involve multiple properties with different owners. Option D, shared liability among partners, is also not a correct characterization of PUDs. PUDs do not necessarily involve partnerships and

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