Property Ownership
The Bundle of Rights in real estate includes all of the following EXCEPT:
ARight to use
BRight to sell
CRight to exclude others
DRight to avoid property taxes✓ Correct
Explanation
The Bundle of Rights includes the rights to use, enjoy, exclude others, encumber (mortgage), and dispose of (sell/give) property. There is no right to avoid legally imposed property taxes, which are obligations of ownership.
People Also Study
Related Oklahoma Questions
- The bundle of rights associated with property ownership typically includes the rights to:Property Ownership
- In Oklahoma, the Bundle of Rights concept means a property owner has the right to:Property Ownership
- In Oklahoma, a property owner's right to exclude others from their property is:Property Ownership
- Two unmarried individuals own a property together with equal shares and the right of survivorship. This form of ownership is called:Property Ownership
Key Terms to Know
Fee Simple
The highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
1031 ExchangeA tax-deferred exchange allowing investors to sell one investment property and reinvest proceeds in a like-kind property while deferring capital gains taxes.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
Study This Topic
Practice More Oklahoma Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Oklahoma Quiz →