Property Ownership
A license in real estate law (as opposed to an easement) is:
AA government permit to practice real estate
BA personal, revocable permission to use another's land for a specific purpose that creates no property interest✓ Correct
CA permanent right of way across a neighbor's property
DThe same as an appurtenant easement
Explanation
A license in property law is a personal permission (not a property right) to use another's land for a specific purpose. Unlike an easement, a license creates no interest in land and may be revoked at any time by the licensor (e.
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Key Terms to Know
Easement
A non-possessory right to use another person's land for a specific purpose.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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