Legal Aspects of Real Estate - Unit 4
UPDATED ACTUAL Exam Questions and
CORRECT Answers
eminent domain - CORRECT ANSWER - The right of government to acquire property,
for a public purpose, after paying just compensation.
taxation - CORRECT ANSWER - The right of government to require contribution from
citizens to pay for government services.
ad valorem tax - CORRECT ANSWER - fix meaning "based on value". Most local
governments levy a "this" tax on property.
escheat - CORRECT ANSWER - The right of government to ownership of property,
which is left by a deceased property owner who leaves no will, and dies without descendants.
police power - CORRECT ANSWER - The inherent power of the state to regulate in order
to promote public health, safety, morality or welfare. For example, zoning and building codes.
zoning - CORRECT ANSWER - Ordinance dividing a city or county into different
districts, identifying what uses can and cannot be made on each parcel
conditional use permit - CORRECT ANSWER - uses that are not allowed as a matter of
right, but that might be allowed if the owner gets a special permit
spot zoning - CORRECT ANSWER - Occurs when a public entity makes the decision to
change the zoning for a single parcel without considering the larger planning context
nonconforming use - CORRECT ANSWER - A pre-existing use of land which does not
conform to the zoning ordinance but which may legally remain.
UPDATED ACTUAL Exam Questions and
CORRECT Answers
eminent domain - CORRECT ANSWER - The right of government to acquire property,
for a public purpose, after paying just compensation.
taxation - CORRECT ANSWER - The right of government to require contribution from
citizens to pay for government services.
ad valorem tax - CORRECT ANSWER - fix meaning "based on value". Most local
governments levy a "this" tax on property.
escheat - CORRECT ANSWER - The right of government to ownership of property,
which is left by a deceased property owner who leaves no will, and dies without descendants.
police power - CORRECT ANSWER - The inherent power of the state to regulate in order
to promote public health, safety, morality or welfare. For example, zoning and building codes.
zoning - CORRECT ANSWER - Ordinance dividing a city or county into different
districts, identifying what uses can and cannot be made on each parcel
conditional use permit - CORRECT ANSWER - uses that are not allowed as a matter of
right, but that might be allowed if the owner gets a special permit
spot zoning - CORRECT ANSWER - Occurs when a public entity makes the decision to
change the zoning for a single parcel without considering the larger planning context
nonconforming use - CORRECT ANSWER - A pre-existing use of land which does not
conform to the zoning ordinance but which may legally remain.
