What is Eminent Domain? | REAL-ESTATE-SALESPERSON Exam Prep

Eminent domain is the government's constitutional power to take private property for public use, provided the owner receives just compensation as required by the Fifth Amendment. 📚 Learn more about Eminent Domain and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Eminent Domain definition: https://www.open-exam-prep.com/glossary/eminent-domain 💡 Exam Tip: Eminent domain = government's power to take property. Must pay JUST COMPENSATION (fair market value). Fifth Amendment protection. --- #real-estate #examprep #financeexam #real-estate-salesperson