Which of the following terms refers to the legal right to use property?

Study for the Real Estate Contract Test. Improve your knowledge with interactive flashcards and multiple-choice questions, each equipped with hints and explanations. Prepare well for your exam!

The term that refers to the legal right to use property is "title." Title represents a person's legal ownership of a property and encompasses the associated rights that come with that ownership, including the right to use, sell, or lease the property. When a person holds title to a property, they have the legal authority to control how that property is utilized, which is paramount in real estate transactions.

Possession refers to the physical control of the property but does not necessarily confer legal ownership or the comprehensive rights that title does. A deed is the legal instrument that conveys title from one party to another but does not, by itself, represent the right to use property. A mortgage is a loan secured by the property, but it does not grant rights of use; instead, it creates a lien against the title until the debt is repaid. Understanding these distinctions is crucial in real estate, as they inform how rights and responsibilities are allocated among parties involved in property transactions.

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