Real Estate Express Course Practice Exam

What guarantees the right of private ownership of real estate in the United States?

The Constitution Common law Local ordinances Administrative regulations

Correct Answer:

The Constitution

Explanation:

Property ownership is protected by the Constitution, which establishes that individuals may hold real estate and that the government cannot take it for public use without just compensation. The takings clause in the Fifth Amendment, applied to the states through the Fourteenth Amendment, ensures this protection and requires compensation when private property is taken for public purposes. While common law recognizes property rights and local rules and administrative regulations govern how property can be used, they do not guarantee ownership itself. They may regulate use, zoning, and requirements, but the constitutional framework provides the fundamental protection of private ownership.

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