Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is the term for the rights associated with the possession, use, enjoyment, and disposition of a property?

Bundle of rights.
Fractional rights.
Rights-of-way.
Surface rights.

The correct answer is: Bundle of rights.

The correct term for the rights associated with the possession, use, enjoyment, and disposition of a property is "Bundle of rights." This term refers to the combination of legal rights that come with owning real estate. These rights include the right to possess the property, the right to control its use, the right to enjoy the property within the limits of the law, and the right to dispose of the property by sale or transfer. The concept of a bundle of rights emphasizes the idea that property ownership is not just a single right but a collection of different rights that can be exercised by the owner.