Property Ownership
A license (in real estate property law) is best described as:
AA permanent right to use another's land
BA personal, revocable permission to use another's land for a specific purpose✓ Correct
CAn ownership interest in a condominium unit
DA government-issued real estate agent credential
Explanation
A license (property law) is a personal, revocable permission to use another's property for a specific purpose without creating an ownership interest. Examples include a parking lot pass or permission to cross land. It does not run with the land.
Related Tennessee Property Ownership Questions
- In Tennessee, which of the following best describes a 'tenancy in common'?
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