2025 Complete Broker Pre-Licensing Practice Test

The bundle of legal rights in land ownership refers to the comprehensive set of rights that a property owner has regarding their property. This includes the right to sell the property, lease it, enter onto it, build on it, use it, and dispose of it in other legal ways. When a property owner has full ownership, they hold all legal rights associated with the land, meaning they can exercise complete control as permitted by law.

This concept recognizes that property ownership is not just about having physical possession but encompasses a range of legal entitlements that one can exercise. The idea of a "bundle of rights" helps to clarify that ownership is multifaceted and that various rights can be retained or transferred independently. For example, an owner can lease property to someone else while retaining other rights, or they can sell a portion of their rights to another party, like an easement for access.

The other choices narrow the definition of ownership. Simply having the right to lease or only having the right to build does not convey the full scope of rights that accompany ownership. Similarly, access to government resources is typically not considered a legal right of property ownership but may pertain to public services or assistance available to landowners. Thus, "ownership of all legal rights to the