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You are part of a team developing a plan for the layout of a 500-acre planned community. The plan shows roads, utilities, and different types of buildings within the development community. This plan will be provided to government entities for permitting. What is this set of specifications called?
Correct Answer: C
A real estate master plan is a long-term planning document that provides a conceptual layout to guide future growth and development. It includes considerations for infrastructure, zoning, transportation, and land use. Local governments and planning agencies typically require a master plan before issuing permits. This plan aligns with strategic facilities management and ensures sustainable development by integrating urban planning principles.