Property Ownership
In NJ, which of the following is a governmental power that allows the state or municipality to take private property for public use with just compensation?
APolice power
BEminent domain✓ Correct
CEscheat
DTaxation
Explanation
Eminent domain (condemnation) is the government's power to take private property for public use upon payment of just compensation. Police power, taxation, and escheat are the other governmental powers affecting real property.
Related New Jersey Property Ownership Questions
- In NJ, a 'Notice of Settlement' recorded prior to closing in a title search indicates:
- In NJ, a 'warranty of habitability' is implied in residential leases under NJ landlord-tenant law and means:
- In NJ, a 'fee simple subject to an executory limitation' (also called fee simple on an executory interest) means:
- The NJ Senior Freeze (Property Tax Reimbursement) program benefits eligible senior homeowners by:
- In New Jersey, a property tax lien for unpaid property taxes:
- In NJ, 'actual notice' of a prior ownership interest means a subsequent buyer:
- In NJ, 'police power' allows government to:
- In NJ, the 'right of survivorship' in joint tenancy means that when one joint tenant dies:
Practice More New Jersey Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Jersey Quiz →