Shared Flashcard Set

Details

ASREB A 1-3
Chapters 1-3
6
Real Estate & Planning
Professional
08/14/2013

Additional Real Estate & Planning Flashcards

 


 

Cards

Term
Police Power
Definition
The right to regulate or limite, and to confiscation, property temporarily under emergency situations. Applical to both state and federal.
Term
Eminent Domain
Definition
The right to take away property for public use, with just compensation for the owner.  Condemnation.  Permanent.
Term
Taxation
Definition
The right of gov't to tax private property to pay for the costs of gov't and area improvements.  Only applies to state and local gov't.
Term
Escheat
Definition
The right to take back property if the owner dies without a will or qualified heirs, or if property is abandonded.  Applies to state and county gov't.
Term
Zoning
Definition
Enforced through police power.  Regulates structures and the uses of the property.  Enforced through permits.  5 basic categories; Residential, Agricultural, Planned area development, Commercial, & Industrial.
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