Variance
Permission from a zoning board to deviate from a specific zoning requirement — a reduced setback, undersized lot, or expanded use — typically granted on hardship grounds. A variance runs with the land once granted.
Related Terms
Zoning
Local government regulation of land use — districts that control permitted uses, density, height, setbacks, and lot requirements.
Setback
The minimum required distance between a structure and lot lines, streets, or other features, established by zoning.
Legal Nonconforming Use
A use or structure lawfully established before current zoning that no longer conforms — "grandfathered." Such properties can usually continue but face limits on expansion and, critically, on rebuilding after major damage..
More in Legal & Regulatory
View allUniform Standards of Professional Appraisal Practice (USPAP)
USPAPThe nationally recognized ethical and performance standards for the appraisal profession, established by The Appraisal Foundation.
FIRREA (Financial Institutions Reform, Recovery, and Enforcement Act)
FIRREAThe 1989 federal law that established the modern appraisal regulatory framework, requiring state licensing of appraisers and USPAP compliance for all federally related real estate transactions..
Dodd-Frank Act (Appraisal Provisions)
The 2010 federal financial reform law that included significant appraisal provisions: appraiser independence requirements, AMC registration, customary and reasonable fee mandates, and prohibition of BPOs for origination..
Appraiser Independence
The legal requirement that appraisers must be free from improper influence, coercion, or pressure from parties with a financial interest in the transaction outcome.