This lesson explains three important real estate concepts that every agent or investor should understand: tenancy, eminent domain, and blockbusting. These terms are commonly used in property law and real estate practice, and they play a major role in how markets and ownership systems function.

Tenancy refers to the legal arrangement where a person or group rents or occupies a property owned by someone else. It explains the rights and responsibilities of both tenants and landlords, including rental agreements, duration, and property usage rules.

Eminent domain is the legal power of the government to take private property for public use, such as building roads, schools, or infrastructure. In most cases, the owner is compensated, but the process is based on public interest and legal approval.

Blockbusting is a historical real estate practice where agents encouraged homeowners to sell their properties quickly by creating fear of neighborhood demographic changes. This practice is considered unethical and is illegal in many places today due to fair housing laws.

Understanding these concepts helps real estate professionals operate ethically and legally while also improving their knowledge of property rights and market behavior. These terms are essential for anyone working in real estate, law, or pr