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As of 2014, the Restatement's failure to address basic doctrines like adverse possession and real estate transfers had never been corrected over 75 years, three Restatements series, and 17 volumes. [2] In the 1970s, the Uniform Law Commission's project to standardize state real property law was a spectacular failure. [3] [4] [5]
In 1922, the Supreme Court held in Pennsylvania Coal Co. v. Mahon that governmental regulations that went "too far" were a taking. Justice Oliver Wendell Holmes, writing for the majority of the court, stated that "[t]he general rule at least is that while property may be regulated to a certain extent, if regulation goes too far it will be recognized as a taking."
Real estate licensing is subject to both the Real Estate Law and the Regulations of the Commissioner, which have the force and effect of law. In enforcing the provisions of the Real Estate Law, the Commissioner has the authority to hold formal hearings involving a licensee or license applicant. The Commissioner also has the authority to issue ...
[1] [2] In the United States, zoning includes various land use laws enforced through the police power rights of state governments and local governments to exercise authority over privately owned real property. [3] Zoning laws in major cities originated with the Los Angeles zoning ordinances of 1904 [4] [5] and the New York City 1916 Zoning ...
In the absence of urban planning policies, property tax on real estate changes the incentives for developing land, which in turn affects land use patterns. One of the main concerns is whether or not it encourages urban sprawl. The market value of undeveloped real estate reflects a property's current use as well as its development potential. As ...
Lawrence Roberts, author of The Great Housing Bubble, recently told The Wall Street Journal (subscription required) that the Securities and Exchange Commission should regulate NAR the way it ...
Regulations suppress home building by making it costlier and more time-consuming to build, and by requiring new homes to be larger and made with more expensive materials.
Presidential Executive Order on Reducing Regulation and Controlling Regulatory Costs. Limits federal regulation on small businesses, gives the president more power to oversee agency regulations and mandates that two regulations are repealed for every one that is enacted. Read Order Read article ; January 28, 2017