Commercial Real Estate Dictionary
Dictionary >> Definition
<< Origination fee Preliminary drawings >>

Police power

Definitions of Police power

  • Police power is the right and authority of government to regulate and enforce measures to protect and maintain the safety, health, and welfare of the community.
    The ability of the city to enforce zoning regulations stems from its police power.
In This Article


Police Power In Real Estate

What Is Police Power In Real Estate?

In real estate, police power enables government to enact regulations, requirements and procedures to ensure all aspects involving real estate function in the best interest of the community. Police Power in real estate also gives the government the authority to enforce any enacted legislation or requirements.


Examples of Police Power in Real Estate

One example of police power in real estate is zoning. Different land uses may come into conflict with each other. A factory may not be the best place to live next to. Pollution, noise and different types of traffic may detract from an environment conducive to a safe and healthy place to live. Police power gives the government the authority to enact zoning restrictions to separate different land uses for the well being of the community in order to establish safe and healthy places to reside.

A second example of police power is the ability of the government to require real estate licenses for those who wish to engage in the business of real estate brokerage. Real estate brokerage requires a level of trust and competency to execute. There are many consequences and potential pitfalls to a real estate transaction that can have disastrous results for the parties involved. Police power enables government to establish minimum levels of education, skill and responsibility to protect the well being of the public while establishing trust in the real estate brokerage industry.



<< Origination fee Preliminary drawings >>
Dictionary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9
DISCLAIMER: This website is provided by Opmetric Inc for educational and informational purposes only and should not be considered advice. We make no warranty express or implied as to the accuracy or reliability of information on this website. Information on this website is not guaranteed to be current, complete, or correct. Views expressed in embedded content are not those of Opmetric Inc.
Videos embedded per Youtube Terms of Service. Crepedia℠ is a service mark of Opmetric Inc. copyright © 2021 Opmetric Inc. All Rights Reserved.