#388

When the government decides to take over the ownership of a piece of real estate for public use this right of the government to take the real estate is known as the monopoly of real property under police authority.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

wildlife

A. Real false.

The right of the government to take real estate is known as eminent domain. 

 
Posted by David Saks - Broker on 11/02/2009 02:05 AM   Comments (0)   Theory and Practice in the ActiveRain Channel   theory and practice  
Originally posted at: David Saks: Real Estate Practice : Lesson 388
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David Saks - Broker

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