Real Estate Exam [National] 96, Eminent Domain and Condemnation Explained

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • The distinction between the government's power of Eminent Domain and the legal process of Condemnation. • The two constitutional requirements under the Fifth Amendment including public use and just compensation. • How just compensation is calculated using fair market value at the time of the tak...