hard · National Real Estate Exam land-use
A city enacts an environmental protection ordinance that prohibits any clearing or building on a specific coastal parcel to protect a local marsh. The owner is left with no economically viable use of the land.
Under national real estate principles, this is most likely classified as a:
- Nonconforming use
- Valid exercise of police power requiring no payment
- Easement by necessity
- Regulatory taking
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