National Real Estate Exam Quiz
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OWNERSHIP, TRANSFER, AND TITLE
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In an urban redevelopment, Developer B buys a downtown lot; which option best states the
bundle of rights
included in ownership?
A
A right to use, enjoy, transfer, exclude others, and possess the property, subject to lawful limits
B
A right to occupy the property only during a lease term, with the owner retaining all transfer rights
C
A right to cross a neighbor's land for access, even when not granted by agreement or law
D
A right to ignore zoning and building codes because ownership controls all land use decisions
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