Real Estate Police Power Quiz

Study Notes

Real Estate Police Power Terms

Police Power
- The ability of the state to regulate individual behavior or property
- Aims to maintain the health, safety, welfare, and morals of the community
Eminent Domain
- Government's authority to seize private property for public use
- Requires just compensation to the property owner
Taxation
- Imposition of charges on real estate
- Funds governmental services and infrastructure
Escheat
- Process where property reverts to the state
- Occurs when an individual dies intestate (without a will) and has no heirs
Zoning
- Local government regulations on land use and development
- Establishes a master plan for urban development
Condemnation
- Legal process of transferring ownership from a private party to the government
- Used in relation to eminent domain
Inverse Condemnation
- Occurs when the government takes private property without just compensation
- Property owners can file claims to seek compensation
Variance
- A permitted deviation from established zoning regulations
- Allows for exceptions in land use under specific circumstances

Development and Land Use Terms

Down Zoning
- The process of reclassifying land from commercial to residential use
- Typically leads to reduced development potential
Buffer Zone
- Land area serving as a barrier between differing land use districts
- Examples include parks, playgrounds, or highways
Buffer
- Physical barrier located between two lots
- May consist of fences, walls, or rows of trees for privacy and separation
Density
- Measurement of the number of housing units per acre in a subdivision
- Influences urban planning and community development
Setback
- Required distance from property boundaries to structures
- Ensures adequate space and safety from roads and sidewalks
Floor Area Ratio (FAR)
- Ratio that compares the total square footage of a building to the land area it occupies
- Used to control building size and density in a given area

Description

Test your knowledge on key terms related to real estate police power. This quiz covers essential concepts such as police power, eminent domain, and taxation. Perfect for students and professionals looking to solidify their understanding of real estate regulations.