Property Ownership

The PETE mnemonic in real estate stands for the government's four powers over real estate:

APolice power, Eminent domain, Taxation, Escheat✓ Correct
BPurchase, Easement, Title, Encumbrance
CProperty, Equity, Transfer, Encumbrance
DPolice power, Equity, Taxation, Easement

Explanation

PETE: Police power (zoning/regulation), Eminent domain (taking for public use), Taxation (property taxes), and Escheat (property reverts to state if owner dies without heirs or will).

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