Ace the Arizona Real Estate Exam 2025 – Unlock Your Property Dreams!

Question: 1 / 1505

The concept of escheat means that property:

A. Can be appropriated by the state when there's a public need

B. Can be confiscated for non-payment of taxes

C. Must meet specific zoning requirements before it can be developed

D. Reverts to the state when a person dies without a will, an heir, or creditor

The concept of escheat refers to the process by which property reverts to the state when an individual dies without a will, heirs, or creditors. It serves as a way to ensure that unclaimed assets are managed and allocated under state control rather than remaining in limbo. This legal principle is rooted in the idea that property should not go unmanaged or become a burden when there are no legitimate parties to inherit it.

In essence, if an individual passes away and there's no one to inherit their assets, the state steps in to take ownership of those assets. This helps prevent property from being abandoned and provides a mechanism for the state to eventually utilize or repurpose that property for public benefit.

The other options address different legal concepts, such as appropriation for public need, confiscation for unpaid taxes, and zoning requirements, but they do not accurately represent the principle of escheat.

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