What term represents the right to or ownership of land?

Study for the 75 Hour Broker Pre Licensing Test. Study with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The term that represents the right to or ownership of land is "Title." Title refers to the legal concept of ownership that provides the holder with the rights to use, sell, or transfer the property. It encompasses the rights that come with owning real estate, indicating that the titleholder has lawful possession and control over the land.

In real estate transactions, holding the title is crucial, as it is the basis for proving ownership, and it typically involves a legal document that records this right. When a property is bought or sold, the title is transferred from the seller to the buyer, ensuring that the new owner has the rights associated with that piece of land.

The other terms, while related to property and land, do not convey the same concept of ownership. A claim refers to an assertion of a right or a demand for something, which may not necessarily be recognized legally. Leasehold indicates a temporary interest in real estate, where the tenant has the right to use the property for a specific period based on a lease agreement, but does not own the land outright. A deed is a legal document that conveys title from one person to another, but it does not itself represent ownership; rather, it is the mechanism through which title is formally transferred. Thus

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