What is a Variance in real estate?

Study for the South Carolina Real Estate Broker Exam. Prepare with flashcards and multiple choice questions, each with detailed hints and explanations. Get ready to ace your broker licensing exam!

A variance in real estate refers to a permit that allows a property owner to use their land in a way that deviates from the established zoning regulations. This exception is typically granted when the property owner can demonstrate that they have a legitimate reason for the request, such as unique physical conditions of the property that would make strict adherence to zoning laws unreasonable.

The variance serves as a legal allowance for the property to be used in a manner that would otherwise be restricted by local zoning ordinances. For example, if zoning laws prevent a building from exceeding a certain height and a homeowner wishes to build a slightly taller structure, they would apply for a variance to seek permission for this change.

Variances underscore the local government's ability to maintain zoning standards while recognizing that special circumstances may warrant flexibility in individual cases. This aspect of zoning adds an element of fairness and practicality to land use regulation.

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