Which term describes the right of ownership over real property?

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 describes the right of ownership over real property is "title." Title signifies legal ownership and the bundle of rights associated with that ownership, which includes the right to use, sell, or lease the property. When someone holds title to a property, they are recognized by law as the rightful owner and have the authority to make decisions regarding the property.

In contrast, a lease pertains to the rental of property and does not confer ownership rights; instead, it grants a tenant the right to occupy and use the property for a specified time under agreed terms. A claim involves asserting a legal right to a property, but it does not inherently establish ownership. Interest, while it can refer to the rights one has in a property, is a broader term and does not specifically denote ownership as title does. Therefore, title accurately encapsulates the concept of ownership in real property contexts.

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