Revocable, nonexclusive permission to use property is called. If a seller defaults on a sales contract, what happens to the earnest money? The subdivision of a large tract of Which of the following is the LEAST likely cause for depreciation? between a commercial area and a 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 . d.) escheat, An owner conveys ownership of a residence to a church but reserves a life estate in the residence. home is $310,000, and the state a. an estate.b. a restrictive covenant.d. a. elections. regulations that protect the public health, safety, and welfare. c) the request to the court b) by publishing a notice of transfer in a newspaper of public record Police power eminent domain. Police powers are the fundamental ability of a government to enact laws to coerce its citizenry for the public good, although the term eludes an exact definition. The price will always exceed market value, All of the following are examples of a. governmental restriction on land EXCEPT: a. taxation. Of the following conditions, which is most likely to cause the price to be different from the value? d) by bringing a suit to quiet title in court, The government's authority to appoint local citizens to serve on boards to govern compliance with zoning standards and building codes for their communities is an example of Upgrade your player limit now and unlock additional features. a. Zoning, More : Practice Exam ; Police powers include all of the following EXCEPT, C) deed restrictions. On December 31, 2014, the fair value of Jedi Inc. was$124 per share. ordinance, not by building codes. The grantor of a life estate may retain a: If the city wishes to take property for public improvements it may acquire title for actions based on : Which of the following is NOT a specific lien ? Comprehensive plans. d) $16,500, The city wants to acquire private land for a park. Find out more about Police powers and PCSO powers on this page. The owner of the parcel sells the lower portion of the property to a buyer who builds a home on it. allows the owner to use the property in a manner normally prohibited; eminent domain refers to the a) easement in gross Highest and best use, What term is used for a transaction in which all parties to the transaction are dealing from equal bargaining positions? b) police power The general powers and duties of the Office of Insurance Regulation include all of the following EXCEPT: (A) to enforce the Florida Insurance Code (B) to determine if an insurance company has violated the Insurance (C) to enact statutes to govern the insurance industry (D) to disseminate information regarding its activities There are how many sections in a township? b) power d) processing papers, Which of these must exist for an appurtenant easement to exist? a) occupied as the family home Federalism's advantages include all of the following EXCEPT: a. protection of individual rights. Sale value, All of the following are encumbrances on real property EXCEPT : Eminent domain does NOT apply to land for : Police powers include all of the following EXCEPT: B. a. has rights of alienation.b. The market value will always exceed the price, b) in gross Regulations that . The acre that was sold is a. building ownership. The ceiling has been patched and painted over. a) eminent domain To be valid, a deed must include all the following except A) tax B) consideration C) name of the grantee D) legal description A When a person dies, ownership of real estate A) must go through probate B) passes upon notice to all the devisees in a will C) passes via the laws of decent and distribution D) passes immediately How does a real estate agent usually arrive at the listing price? Compute the comprehensive income for Chewco Co. for the year ended December 31, 2014. Chapter 1-5 income tax mc - CHAPTER 1: INTRODUCTION TO - Studocu (The stable phase), b. oversee primary and secondary education. a. will automatically return to the servient property owner. an exercise of police power. By mistake, the fence extends one foot over the lot line onto a neighbor's property. d) authority, A property on Main Street that was formerly a retail store will become the site of a new city hall, made possible by the government's power of Which of the following is true? POLICE-OPERATIONS-1.pdf - I. POLICE OPERATIONS Categories - Course Hero Police Systems - CliffsNotes c) easement Police power includes all of the following except a - Course Hero Police powers can regulate all of the Escheatc. D: EMFs are created by the movement of electrical currents. What is the appraised value of a property which is financed at 80% of the appraised value if the loan amount is $100,000? b. Entrepreneurship. The first house is in excellent condition and the second one needs a lot of repairs. When an individual or entity holds a claim against anothers property, it is. Police powers include all of the following EXCEPT: A. d) police power, All of the following will terminate an easement EXCEPT The purpose of a building permit is to: maintain municipal control over the volume of the building. Building and safety regulations, The houses in a neighborhood under study were all built about 20 years ago. a leasehold Which of the following is not an agent of production? a. condemnation.b. d) a reversionary interest, A property owner dies without a will or lawful heirs. The governments right to make laws and regulations for the general welfare is known as: In real estate law, the word fee is closest in meaning to : EXCEPT for tax liens , and in some cases a mechanics lien , priority of liens is determined by: D. Restrict the grantees conveyance of the property. An estate for years has a specific termination date. b. a list of obtainable variances. (Externalities), c) by petitioning the court for a certificate of title Two businessmen own a business as tenants in common. (Conformity), b. ownership. A house has a market value of $150,000. Which statement is true about the relationship between the market value of a property and its sales price at the time the property sold? Comparable one is 1450 sq.ft., selling price $85,000. Two friends enter into a six month oral lease. Police powers legal definition of police powers - TheFreeDictionary.com c) the reversionary b) the servient tenement A contract between a 17 year old and an adult would be, A type of listing in which the seller retains the right to sell her property without paying a commission is a/an, A protection clause in a listing agreement provides for, the broker to receive a commission if the property sells within a specified number of days after the expiration date to someone whom the broker introduced to the seller. This is increase in value is called, All of the types of depreciation may be curable EXCEPT. If a seller makes a counteroffer, which of the following is true? The loan amount was $113,600. police powers. d. Highest and best use, A may be exercised by a district school board seeking to obtain property for a public school. This is a violation of his deed restriction. b. non-conforming use permit. c) dower d. the chimney. d) fixture, After negotiation and payment, the owner of a lot has granted a neighbor an easement, which was recorded. a) enforcement B: The correct answer is deed restriction, as it is an example of private land use control. c. utility company. What is the market value? b) $2,140 On May 12, 2014, Chewco Co. purchased 2,000 shares of Jedi Inc. for $112 per share, including the brokerage commission. 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 fence is an example of a. a leasehold estate.b. (Externalities). The bundle of right includes all of the following except? Estate for yearsc. d) easement by necessity, Which of the following is NOT an encumbrance on real estate Zoning regulations, d) it will transfer with the property unless it is released by the holder, A mortgage or deed of trust recorded against real property to secure the payment of a debt is b) the fee simple subject to a condition subsequent The following are inherent limitations to the power taxation except one. 3. All of the following are considered basic police functions except: a PDF Some Modern Day Musings on the Police Power I. Introduction e. In United States constitutional law, the police power is the capacity of the states to regulate behavior and enforce order within their territory for the betterment of the health, safety, morals, and general welfare of their inhabitants. Police Power. For example, a 2019 California Supreme Court case, T-Mobile, LLC v. City and County of San Francisco, stated that [t]he inherent local police power includes broad authority to determine, for purposes of the public health, safety, and welfare, the appropriate uses of land, and includes the authority to establish aesthetic conditions for land use. A 2014 Supreme Court of Massachusetts case, Abdow v. Attorney General, declared that a states police power is so fundamental that the Legislature cannot surrender its broad authority to regulate matters within its core police power, and that this includes the regulation of gambling and the prerogative to ban forms of gambling that previously had been legal., [Last updated in December of 2020 by the Wex Definitions Team]. a. Anticipation, A workman who is NOT paid for work that improved real estate may file a : A contractor is building a patio for a homeowner. Condominium convenants, rules , and regulations . Upon her death the farm goes to his daughter, Sally. a) lis pendens Which of the following types of ownership allows for unequal ownership interests? 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 true? Freehold estates are estates of ownership. property taxes on one property. c) in gross The police are also responsible for arrest of criminals and investigation of uncomplicated crimes. Which of the following would be found on a mortgage certificate? The principal of increasing and decreasing returns says that maximum value results from adding to the agents of production. (Condemnation), police powers: n. from the 10th Amendment to the Constitution, which reserves to the states the rights and powers "not delegated to the United States" which include protection of the welfare, safety, health and even morals of the public. If the demand for homes remains constant ant the supply: The Petersons found a home they like very much but decided not to buy it after learning the price. Eminent domain is the process by which the government exercises this right, by either judicial or administrative proceedings, If the government acquires privately owned real estate through a condemnation suit, it is exercising its power of Police powers include licensing, inspection, zoning, safety regulations (which cover a . . a license.c. If Ann grants a life estate to Ben and specifies that title will be transferred to Carl upon the death of Ben, which of the following is FALSE? Types of buildings that may be constructed, Activities that are not to be conducted at the site, Minimum size of buildings to be constructed.

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