Land Use & ZoningIntermediateArizona Exam
Eminent domain in Arizona is the government's power to:
AZone private property for public use
BTake private property for public use upon payment of just compensationCorrect
CTax private property
DRegulate private use of property without compensation
Why Take private property for public use upon payment of just compensation Is Correct
Answer B: Take private property for public use upon payment of just compensation
Eminent domain is the power of government to take private property for public use, but the Fifth Amendment requires the government to pay just compensation (fair market value) to the owner.
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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Private Mortgage Insurance (PMI)Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
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