Land Use & Zoning
Eminent domain allows the government to:
AImpose additional property taxes for public improvements
BTake private property for public use with just compensation✓ Correct
CRestrict property use without compensating the owner
DForce property owners to sell to adjacent landowners
Explanation
Eminent domain (also called condemnation) is the government's power to take private property for public use. The Fifth Amendment requires that just compensation (fair market value) be paid to the property owner.
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Key Terms to Know
Eminent Domain
The power of government to take private property for public use, with the requirement to pay the owner just compensation.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
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