Property Ownership
A license in real estate law (not to be confused with an occupational license) refers to:
AThe right to practice real estate brokerage
BA revocable personal privilege to use another's land for a specific purpose✓ Correct
CAn ownership interest in property
DA recorded easement granting permanent access
Explanation
A license (in property law) is a personal, revocable, non-transferable privilege to use another person's land for a specific purpose. It creates no property interest and can be revoked by the licensor at any time (unlike an easement).
Related Oklahoma Property Ownership Questions
- Oklahoma's marketable record title act can extinguish old easements and restrictions if:
- Oklahoma's 'race-notice' recording statute means that a subsequent purchaser is protected if they:
- Oklahoma's Quiet Title action is a legal proceeding used to:
- An easement appurtenant in Oklahoma:
- Under Oklahoma law, the duty to support groundwater quantity for adjacent property owners is based on:
- Oklahoma's 'no man's land' (the Oklahoma Panhandle) has a unique land title history because it was:
- Oklahoma's Mortgage Finance Authority (MFA) programs assist:
- An Oklahoma property that straddles two counties must be recorded in:
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