Land Use & Zoning
What is eminent domain and how does it affect Nevada real estate?
AThe right of a property owner to exclude all others from their land
BThe government's power to take private property for public use with just compensation✓ Correct
CThe process by which a mortgage lender forecloses on property
DA local government's authority to raise property taxes
Explanation
Eminent domain (also called condemnation) is the constitutional power of federal, state, and local governments to take private property for public use upon payment of just compensation. Nevada governments use this power for roads, utilities, and public facilities.
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