Eminent domain - Study guides, Class notes & Summaries

Common Law - law derived from judicial decisions instead of from statutes English Common Law - most U.S. states have reception statutes/ you can rely on English common law in the U.S. Articles of Confederation - Weak central government, w/ 3 broad limitations: 1. economic disorganization 2. lack of central leadership 3. legislative inefficiencies Constitution aimed to address: - 1. Separation of Powers (3 branches) 2. Checks & Balances 3. Federalism (Supremacy Clause) Federalism - gove...

Question 1 of 40 A law in which state imposes an "English Rule"-style cost strategy for litigants who decline a pre-trial settlement offer? A. New York B. Michigan C. none of these choices  D. Nevada E. Florida Answer Key: D Question 2 of 40 To demonstrate how more than two parties may be involved in a dispute, the lesson material gives what example? A. The government seizing land under eminent domain B. A petroleum company's contracts with gas stations C. none of these choic...

Miranda vs. Arizona - CORRECT ANS The supreme court case in which the court held that criminal suspects must be informed of their right to consult with an attorney and of their right against self-incrimination prior to questioning by police. Mapp v. Ohio - CORRECT ANS Evidence illegally gathered by the police may not be used in a criminal trial Terry vs. Ohio - CORRECT ANS Allowed the police to stop and search a suspect if he has reasonable suspicion that the person has committed, is c...

Subpoena a legal document ordering a person to testify in a court of law as a witness Actus Reus The actual criminal act Mens Rea legal phrase used to describe the mental state a person must have been in while committing a crime for it to be intentional Loops the most common fingerprint Chain of Custody a process used to maintain and document the chronological history of evidence Nolo Contedere a plea of "no contest" that one could use in court. It means that y...

appraisal - value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) - The percentage of value or sales price that a lender is willing to finance. limited appraisal report - exterior only/drive by inspection. deemed as low risk loan highest and best use of property - legal use that gives the greatest return Principal of Contribution - cost does not equal value Residential Mortgage Loan Originators (RMLO) - Must be certified licenc...

This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - Answer- D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRELA D) DTPA - Answer- Wrong A) Statutory Law? This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B) Estate from perio...

The government's right to make laws and regulations for the general welfare is known as: A. eminent domain B. police power C. escheat D. the bundle of rights correct answer-B. police power The City of Atlanta has condemned Nelson's land in order to extend its rapid transit services. This procedure is made possible because of the city's right of: A. entry B. escheat C. eminent domain D. police power correct answer-C. eminent domain A private landowner has the right to: A. ...

Leverage The borrowing of funds in hopes of earning a greater return than the cost of the borrowed funds list, value, discover The basic responsibilities of the assessor for all taxable property. Conduct periodic on-site inspection of properties One of the steps an assessor must take in the discovery of property Ad Valorem The property tax, meaning it is based on value. Budget Divided by the assessed value equals the tax rate Effective tax rate Assessment level times the tax rate ...

Real Estate Principles Final Exam Verified Answers Anything that is fastened or attached to real property permanently is considered to be: ️Real Property A quitclaim deed releases all present claims, rights and title of the: ️Grantor When a creditor wants to satisfy a judgement which was levied against another person, the creditor would: ️Obtain a writ of execution Before a mechanics lien is effective it must be: ️Verified and recorded Discrimination by a real estate licens...

Texas Principles of Real Estate II (2024 / 2025) Exam | Questions and Verified Answers | 100% Correct Q: According to value a. Police power b. Ad valorem c. Taxation d. Escheat e. Condemnation Answer: B Q: The government retains the following rights in lands, EXCEPT: a. Eminent domain b. Allodial c. Police Power d. Taxation Answer: B Q: If a landowner sues the government in order to force it to buy his or her land, this is called: a. Reverse condemnation b. Forward condemnation c. Inverse condem...