Maybe you’ve heard the term before. Maybe you had a seller who said it applied to them. So, what does being “grandfathered in” really mean? Together, let’s explore how this affects our sellers when they choose to sell, how this will affect the buyers who purchase the property, and how we can protect ourselves from potential liability with disclosures and verifications. Let’s look further into the statement “But I’m grandfathered in."
Objectives: After taking this class students will be able to:
Identify how the term “grandfathered” in affects sellers, buyers, and real estate professionals in the transaction.
List the priority items to look for in a zoning search and review for a customer.
Determine how zoning classifications differ based on the governing jurisdiction over the property.
Understand the importance of a buyer verifying the zoning prior to the purchase and where to confirm.
Explain how to handle a non-conforming lot use.
Identify what a variance is, how it is granted, and how it affects the customer.
Differentiate between an area variance and a use variance
Know the options available through forms for zoning change requests.