Which of the following powers is not a part of PETE?

The correct answer is Development Regulation. The acronym PETE stands for Police Power, Eminent Domain, Taxation, and these are all fundamental governmental powers related to real estate. Police power refers to the authority of the government to enact regulations to promote public health, safety, and general welfare. Eminent domain is the government's right to acquire private property for public use, usually with compensation to the owner. Taxation refers to the government's power to impose taxes on property as a means to generate revenue for public services and infrastructure.

Development regulation, while related to the control and management of land use and zoning, is a process or strategy used to implement the powers within PETE, rather than a power itself. It focuses on how property may be developed or used within a specific area but does not hold the same legal standing as the other three powers in the acronym. Thus, it is not included as a part of PETE.