Land Use & Zoning
In Missouri, a 'taking' that reduces a property's value without a physical seizure is called a:
ATax sale
BRegulatory taking (inverse condemnation)✓ Correct
CSpecial assessment
DVariance denial
Explanation
A regulatory taking (inverse condemnation) occurs when a government regulation so severely restricts land use that it amounts to a taking requiring just compensation, even without physically acquiring the property.
People Also Study
Related Missouri Questions
- In Missouri, a property owner who objects to a new zoning regulation that reduces their property value may challenge it as a:Land Use & Zoning
- A Missouri property owner who believes their land has been 'taken' by government regulation limiting its use may file a:Land Use & Zoning
- Which government power allows Missouri to take private property for a public road with compensation?Property Ownership
- A Missouri appraiser using the cost approach determines the replacement cost new is $280,000 and total depreciation is $40,000. The land value is $60,000. What is the indicated value?Property Valuation
- In Missouri, a property owner who believes their land was unconstitutionally taken by a regulation may file a claim under:Land Use & Zoning
- A Missouri home has a replacement cost new of $220,000, total depreciation of 25%, and land value of $50,000. What is the cost approach value?Property Valuation
- A Missouri home has a replacement cost new of $310,000. Accrued depreciation is 30%. Land value is $65,000. What is the value using the cost approach?Real Estate Math
- Missouri MREC prohibits a licensee from accepting compensation from which of the following without the knowledge and consent of all parties?Missouri License Law
Key Terms to Know
Variance
Official permission to use land in a way that does not conform to the applicable zoning ordinance, granted by a zoning board when strict enforcement would cause undue hardship.
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.
Short SaleA sale of real property where the sale proceeds are less than the outstanding mortgage balance, requiring lender approval.
Study This Topic
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →