What does "zoning" mean in real estate?

Zoning refers to the regulations set by local governments regarding how land can be used within a certain area. These regulations dictate the types of activities permitted on a property, such as residential, commercial, industrial, or agricultural usage. Zoning laws are crucial because they help manage urban growth, ensure community safety, and maintain property values by preventing incompatible land uses. For example, a residential zoning classification would prohibit the establishment of factories in a neighborhood designed for homes.

This concept is distinct from the other options, which focus on different aspects of real estate. Determining property values involves appraisal methods and market analysis, while assessing property taxes relates to taxation and valuation processes. The rules governing property marketing strategies pertain to the techniques and methods used to sell or lease properties, rather than the regulations about land use. Therefore, zoning specifically addresses land use policies, making it the correct answer.