Property Ownership
The concept of 'police power' in real estate refers to the government's authority to:
AArrest licensees who violate real estate law
BRegulate the use of private property for the health, safety, and welfare of the public✓ Correct
CTake private property without compensation
DAssign licenses to practice real estate
Explanation
Police power is the inherent government authority to regulate private property use to protect public health, safety, morals, and welfare. Zoning, building codes, environmental regulations, and licensing requirements are all exercises of police power.
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