Real Estate Developers can create value by knowing and pushing for changes in zoning laws. True False QUESTION 19 An Edge City is a. A new CBD on the edge of an existing town b. typically on the intersection of major highways C. (part of a) city in decline, for example, retail development which is on the edge of disappearing d. A and B QUESTION 20 External Obsolescence occurs when the outside of a building deteriorates over time. True False QUESTION 22 Better transportation accessibility for a neighborhood results in O a. More new buildings. b. Refurbishment of older buildings. C. Increase in rents. d. A and C are correct. e. A, B, and C are correct. QUESTION 23 P.E.T.E. is an acronym which describes the full bundle of property rights. True False