Government Powers: Police Power, Eminent Domain, Taxation, & Escheat | Real Estate Exam Prep

In this video we’ll go over 4 government powers: Police Power, Eminent Domain, Taxation, and Escheat

When studying for the real estate exam, we learn that a fee simple absolute estate is the maximum degree of property ownership one can have. But nothing is truly absolute! Even fee simple absolute ownership has its limitations, like taxation. That’s because the government retains some rights over your property through the 4 government powers- and you’ll need to know these for the real estate exam.

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