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Define Concurrency in Real Estate

Concurrency: 

Concurrency refers to the coordination and cooperation of different government agencies when reviewing and approving land development projects.

Example: 

Imagine a developer wants to build a new neighborhood with roads, homes, and a park. The developer needs to get approval from different agencies, such as the planning department, the transportation department, and the environmental agency. These agencies need to work together to make sure that the development is safe, meets environmental standards, and doesn't cause traffic problems.

"Wit & Whimsy with the Dumb Ox: Unlocking Knowledge with Rhyme:"

Concurrency, oh how grand
Different agencies lend a hand
To approve a plan for a new land
Where homes and parks will surely stand

With safety and nature in mind
The agencies work together to find
A way to make the project shine
And leave the developer feeling fine.