Abstract Laws such as the U.S. Endangered Species Act and the Marine Mammals Protection Act affect nearly every sector of the economy, like real estate development. As a result, the policy debate over how to protect species is highly charged and requires significant expertise in numerous economic specialties and geographic regions. Real estate developers should possess extensive knowledge of the challenges associated with understanding and analyzing the complex relationship between species protection and real estate development activities. The negative effect of the Endangered Species Law can be seen on a broad spectrum of industries such as real estate development, fishing, forestry, power generation, mining, agriculture, ranching, and recreation in nearly every region of the United States. Introduction Real state development on the outskirts of existing urban, suburban areas is greatly encroaching natural homes of hundreds of species. This urban extension has been accelerated in the last several years by a booming economy, population growth, both baby boom ripples and immigration, and transportation and other infrastructure improvements that enable Americans to avail themselves of the amenities of the city while living suburban or exurban lifestyles. That was the reason for applying Endangered Species Act on the urban, suburban and exurban real estate developers, so we can save our most precious and beautiful endangered species and their homes. This act is affecting the real estate developers in their economic well-being. Endangered Species Act on real estate developers This act provides for the determination and protection of endangered species. It prohibits modification of an endangered species habitat by real estate developers because the development activities negatively affect the habitat. This modification or development of endangered species habitat is also called “taking.” No taking may occur without a permit, which must be sought from the U.S. Fish and Wildlife Service. Effect of Endangered Species Act on real estate development The following important factors, among others, could cause actual results to differ materially from those expressed in the forward-looking statements: changes in economic conditions, particularly in the southeastern U.S.; changes in interest rates; fluctuations in demand for or supply of real estate; Competition with other marketers and developers of real estate in the areas in which the company operates; the ability of the company to identify and complete real estate transactions that provide acceptable financial returns for the company; unexpected delays in the negotiation and completion of real estate transaction; changes in law or policy that might limit or and completion of real estate transaction; changes in law or policy like Endangered Species Act that might limit or restrict the development of the real estate, particularly in the southeastern U.S.; the ability to obtain permits, entitlement, and approvals necessary for the development of real projects, and unexpected delays in the timing thereof; and implementation of laws as Endangered Species Act. The Endangered Species Act permits real estate development-induced take of protected species on the conditions that they take is not the purpose for the development project and that certain measures are implemented to minimize harm to the species. One form of incidental take authorization in the Endangered Species Act is the section 10 habitat conservation plan permit program. Section 10 of the Endangered Species Act specifically provides for the permitting of incidental takes occurrin