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Real Estate > Chapter 7 - Interests in Real Estate > Flashcards

Chapter 7 - Interests in Real Estate Flashcards

1
Q

(Governmental Powers) What are the four government powers? PETE

A

Police Power
Eminent domain
Taxation
Escheatment

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2
Q

(Governmental Powers) What is police power?

A
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3
Q

(Governmental Powers) What is Eminent Domain?

A
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4
Q

(Governmental Powers) What is Taxation?

A
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5
Q

(Governmental Powers) What is Escheatment?

A

When someone dies and doesn’t have anyone to pass it down to. It’s turned over the county.

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6
Q

W

A
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