Free Pennsylvania Real Estate Practice Exam Practice Question
A property's bundle of legal rights INCLUDES the rights to exclude, use, transfer, encumber and:
Correct Answer: B
Rationale: The bundle of legal rights associated with property includes the right to possess, which allows an owner to occupy and control the property.
Option A, "lien," refers to a legal claim against property, not a right of ownership. Option C, "tax," involves obligations rather than rights; property owners must pay taxes but do not have a right to tax their own property. Option D, "reserve," pertains to retaining certain rights or interests but is not a fundamental right of ownership. Thus, the right to possess is essential to the complete ownership experience.
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