Personal, revocable right to use property

Prepare for the Real Estate Ownership Exam with multiple choice questions, flashcards, and detailed explanations. Master land use controls and financing to excel on your test.

Multiple Choice

Personal, revocable right to use property

Explanation:
This item tests the distinction between permission to use land and ownership rights. A license is a personal, revocable permission to use someone else’s property. It does not grant any ownership interest in the land and can be withdrawn by the property owner at any time, subject to any agreed terms. Licenses are not transferred with title and don’t create an encumbrance on the property. Title represents ownership rights in the property and is not revocable as a mere permission. Sole ownership means one person has complete ownership rights. Encroachments are unauthorized intrusions onto another’s land and are not a right to use the property. So, the term that describes a personal, revocable right to use property is a license.

This item tests the distinction between permission to use land and ownership rights. A license is a personal, revocable permission to use someone else’s property. It does not grant any ownership interest in the land and can be withdrawn by the property owner at any time, subject to any agreed terms. Licenses are not transferred with title and don’t create an encumbrance on the property.

Title represents ownership rights in the property and is not revocable as a mere permission. Sole ownership means one person has complete ownership rights. Encroachments are unauthorized intrusions onto another’s land and are not a right to use the property.

So, the term that describes a personal, revocable right to use property is a license.

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