A license in property law (distinct from a real estate license) refers to:
Why A personal, revocable permission to use another's property Is Correct
Answer B: A personal, revocable permission to use another's property
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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Key Terms to Know
A non-possessory right to use another person's land for a specific purpose.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Life EstateA freehold interest in real property that lasts only for the duration of a specified person's life.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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