Eminent Domain
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Welcome to the course!
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The Real Estate Business
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Law & Qualifications
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License Law And Commission Rules
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Authorized Relationships, Duties, And Disclosure
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Brokerage Offices and Branch Requirements
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Violations Of License Law, Penalties And Procedures
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Chapter 8
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Property Rights
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Title, Deeds And Ownership Restrictions
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Legal Descriptions
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Residential Mortgages
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Real Estate Appraisal
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Real Estate Investments And Business Opportunity Brokerage
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Taxes Affecting Real Estate
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Planning, Zoning And Environmental Hazards
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Course Assessments
FLORIDA REAL ESTATE SALES ASSOCIATE COURSE
Title, Deeds And Ownership Restrictions
Section 13 of 39
Eminent Domain is the government's constitutional right to take your land, even if you don't want to sell it.1. The Power vs. The ProcessEminent Domain is the Power. It is the right the government has to take the land.Condemnation is the Process. It is the actual legal lawsuit used to exercise that power.2. The Rules (The 5th Amendment)The government cannot just take your backyard for a barbecue party. They must meet two strict criteria:Public Use: The land must be used for the public good (e.g., building a highway, a school, or a railroad).Just Compensation: They must pay you a fair market price for the property.Note: If you refuse their offer, they will sue you (Condemnation), and a judge/jury will decide the price. You still lose the land, but you might get more money.
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