Land Use & ZoningIntermediateArizona Exam
An Arizona property owner whose land is taken by eminent domain has the right to:
ARefuse to sell under any circumstances
BReceive just compensation, typically fair market valueCorrect
CDemand replacement property of equal value
DRequire the government to use the land only as specified by the owner
Why Receive just compensation, typically fair market value Is Correct
Answer B: Receive just compensation, typically fair market value
When the government exercises eminent domain (condemnation), the property owner has the right to receive just compensation, generally defined as the fair market value of the taken property.
Key Land Use & Zoning Terms in This Question
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Key Terms to Know
Eminent Domain
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
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