A property owner’s ability to sell or transfer property is referred to as what?

Study for the Arizona Salesperson Test with flashcards and multiple-choice questions. Each question is paired with helpful hints and detailed explanations. Get ready to ace your exam!

The term that describes a property owner’s ability to sell or transfer property is disposition. Disposition refers to the act of selling or otherwise transferring ownership of property, indicating the owner's right to decide how to handle their property, whether through sale, lease, or conveyance to another party. This concept underscores the legal rights associated with property ownership, allowing the owner to manage their assets as they see fit.

Enjoyment refers to the right of the owner to use and enjoy the property, while possession indicates the physical occupation or control of the property. Control relates to the owner's power to make decisions regarding the property, but it does not specifically encompass the sale or transfer aspect. Understanding these terms helps clarify the various rights and privileges that property ownership entails in real estate transactions.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy