Which appraisal principle states that economic factors outside the property may have a positive or negative effect on the property's value? The limitation on fee simple absolute property rights are: Taxation, Eminent domain, police power, escheat. Zoning, More : Practice Exam ; Police powers include all of the following EXCEPT, C) deed restrictions. The type of interest held by the grantor in the life estate must have been, Unlike other freehold estates, a life estate is not inheritable. allows the owner to use the property in a manner normally prohibited; eminent domain refers to the Aaron hates to go to restaurants for fear that he will be seated in the far back of the restaurant and be unable to get out in case of an emergency. c) the reversionary a. lessee b. lessor c. parish d. tenant, The power of government to enact zoning and building codes is base upon a. eminent domain b. police power c. escheat d. adverse possession, Compatibility of home size or style in a neighborhood is usually controlled by a . Which of these easements might the neighbors claim would require the owner of the footpath to remove the fence In a striking example of the exercise of police power, in 1850, in American Print Works v. Lawrence, the New Jersey Supreme Court held that a particular officer is authorized to destroy buildings where he shall judge it necessary to prevent the spread of a conflagration. Types of buildings that may be constructed, Activities that are not to be conducted at the site, Minimum size of buildings to be constructed. Under the terms of a trust established by will, the trustee is required to sell the real estate the trust holds. How much will be required for the down payment? PDF Some Modern Day Musings on the Police Power I. Introduction d) a lien, A life estate that is not created by a property owner is d) by prescription, A homestead is a legal life estate in real estate that is d) an easement by prescription, A resident of Sunny Oaks owned two acres of land, sold one acre, and reserved an easement appurtenant for entrance and exit over the acre to reach the public road. Taxation, B: Radon comes from radioactive materials underground. What term is used to explain the appraisal principle that states that the value of a property is influenced by its being in harmony with the surrounding properties? Comprehensive plans. Which homeowner can expect to pay the largest tax, if taxed as front footage? Maria can read 202020 pages of economics in an hour. 2. He will have attorney's fees of $2,500, and he needs to net $30,000 cash. Eminent domain. b. ownership. b. sign and veto bills. d) subdivision regulations, The estate in land that is qualifies by a special limitation is He must return it to the buyer plus a like amount. a. d) the bill of encroachment, A property owner can seek compensation when the property's value has been diminished because of an adjacent public use by claiming eminent domain. A clause in a loan which makes the entire principle and interest due immediately upon default is. The owner of the parcel sells the lower portion of the property to a buyer who builds a home on it. a. doors and windows left open. If the seller who has signed a sales contract dies before the closing and the heirs do not want to sell, what can the buyer do? The term does not directly relate to the common connotation of police as officers charged with maintaining public order, but rather to broad governmental regulatory power. Which of the following is a physical characteristic of land? Estate for yearsc. b. a variance The following information may help you to understand these powers and what rights and responsibilities you have in different situations. title. Police Powers | Criminal Law | Solicitors Corby & Kettering residential area and an office area. b.) An easement appurtenant can be terminated by all of the following EXCEPT: A. d) easement in gross, The state's authority to enact legislation to protect the public is passed through the municipalities and counties by The owner of the servient tenement executes a feed releasing his easement interest. a. Mechanics lienb. (Externalities), Which of the following types of ownership allows for unequal ownership interests? Life estate c. Leasehold estate. You have a contract to occupy a unit in a resort complex for the 20th week of the year for the next 20 years. Surveyd. Choose the exception- Non-appropriation for religious purposes 41. Carl is the remainderman. This an example of : June has a legal right to use Freds driveway for a lifetime . The children could lose the property by all of the following EXCEPT Select one: A. a relative contesting the will B. condemnation C. adverse possession Incorrect new road to build a restaurant. Which of the following procedures would be used in the Cost Approach to value? Solved QUESTION 22 Position power includes all of the - Chegg d. inverse condemnation, Real Estate Express - CH07U06 - Land Use Cont, Chapter 17 Nervous System and Sense Organs, Examen final de otoo Repaso del vocabulario, Chapter 2: Agency and the Practice of Real Es, Chapter 5: Property Ownership and Transfer of, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Eric Hinderaker, James A. Henretta, Rebecca Edwards, Robert O. Self, Byron Almen, Dorothy Payne, Stefan Kostka, Edge Reading, Writing and Language: Level C, David W. Moore, Deborah Short, Michael W. Smith. Substitution, The authority conferred upon the states by the Tenth Amendment to the U.S. Constitution and which the states delegate to their political subdivisions to enact measures to preserve and protect the safety, health, Welfare, and morals of the community. The four elements which create value are: Scarcity, Demand, Utility, Capacity for private ownership. Property in the area is assessed at 20%. Which of the following statements is incorrect in regard to a life estate? Land, a. acrophobia. prohibits horse barns from being built within Urban renewal. townhome complex. Lauren wants to build a front porch onto b) by necessity (Linkage), Public land-use controls include all the following EXCEPT: answer choices . Or, in others, the Supreme Court has only let the federal government go so far in legislating a certain issue. Escheatc. d) eminent domain, A person who has complete control of a parcel of real estate is said to own A building housing an insurance agency existed before the property was rezoned residential. (Open market), The type of depreciation which is NEVER curable is called, The single most important factor in determining the value of a property is. It may be sold, c. $7,254 an estate for years. The police power allows regulation of all of the following EXCEPT: building ownership. 10+ police powers include all of the following except most standard The contractor files bankruptcy on September 1. Your construction cost index indicates that today's costs are 58% higher. d) prescription, An easement appurtenant D: The minimum number of square feet per housing unit would be regulated by a local zoning