Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

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What must developers adhere to in inclusionary housing schemes?

A fixed profit margin
A ratio of affordable to market rate units
A minimum construction cost
Unlimited building heights

The correct answer is: A ratio of affordable to market rate units

Developers must adhere to a ratio of affordable to market rate units in inclusionary housing schemes. This means that a certain number or percentage of units within a housing development must be designated as affordable for lower-income families or individuals, while the remaining units can be rented or sold at market rate. This ensures that there is an equal distribution of affordable housing within the community. The other options are incorrect because they do not directly address the goal of inclusionary housing, which is to provide affordable housing options for those who may not be able to afford market rate units. A fixed profit margin, minimum construction cost, or unlimited building heights may not necessarily contribute to this goal.