Module 6

Question 1

All real estate is subject to what four powers of government.

Answer 1

taxation
eminent domain
police power
escheat

Question 2

The right of the government to acquire private property for public use.

Answer 2

Eminent domain

Question 3

The government power is called eminent domain but the process that carries it out is called

Answer 3

condemenation

Question 4

Eminent domain: The ____ amendment of the constitution, also known as the takings clause, guarantees payment of just compensation upon appropriation of private property.

Answer 4

5th

Question 5

The right of government that gives the state titular ownership of a property when its owner dies without a will.

Answer 5

Escheat

Question 6

The condition of dying with a valid will.

Answer 6

Testate

Question 7

The condition of dying without leaving a valid will.

Answer 7

intestate

Question 8

_____ is a legal term signifying pending litigation that can affect the ownership title to real estate

Answer 8

Lis pendens

Question 9

An _____ is a lien that allows a creditor with an interest in an otherwise unsecured property to prevent the debtor from conveying title while the dispute is being decided in court.

Answer 9

attachment

Question 10

When a financial institution puts together a loan for a property owner, the lender is referred to as the

Answer 10

mortgagee