The PETE mnemonic in real estate stands for the government's four powers over real estate:
Why Police power, Eminent domain, Taxation, Escheat Is Correct
Answer A: Police power, Eminent domain, Taxation, Escheat
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
A non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
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- Eminent domain allows the government to take private property for public use. What must the government provide to the property owner?Land Use & Zoning
- A property owner's land is taken by the government through eminent domain and the owner believes the offered compensation is inadequate. The owner's legal recourse is:Land Use & Zoning
- Eminent domain is the power of the government to:Land Use & Zoning
- The police power of the government includes the right to:Land Use & Zoning
- In California, personal property of a deceased person who dies intestate (without a will) and has no known heirs ultimately passes to:Property Ownership
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Key Terms to Know
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
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