Daily Real Estate Exam Prep Question #63 - Escheat

Daily Real Estate Exam Questions Here!!! Today our question has to do with government powers. Government power is the constitutional authority and inherent power of a state to adopt and enforce laws and regulations to promote and support the public health, safety, morals, and general welfare. This is established in the tenth amendment of the constitution. There are many acronyms to remember government powers within real estate. I think the best word or acronym to use is PETE, which stands for: P for Police Power E for Eminent Domain T for Taxation E for Escheat -=-=-=-=- Don’t forget to like and subscribe for more!