In real estate, the term "eminent domain" refers to:

Eminent domain is a legal principle that allows the government to take private property for public use, provided that the property owner is compensated fairly. This concept is rooted in the Fifth Amendment of the U.S. Constitution, which states that private property cannot be taken for public use without just compensation. This process is often invoked for public projects such as highways, schools, or utilities, where the need for land for these facilities is deemed to serve the greater good of the community.

Understanding eminent domain is critical in real estate because it emphasizes the balance between private property rights and the needs of society as a whole. In contrast, the other options pertain to different aspects of real estate and do not reflect the legal authority of the government to intervene in property ownership for public benefit.