National Real Estate Practice Exam

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Which option is NOT part of the Bundle of Rights?

Right of use
Right of enjoyment
Right of access
Right of disposal

The correct answer is: Right of access

The Bundle of Rights refers to the set of legal privileges that come with property ownership. It typically includes the right of use, right of enjoyment, right of disposal, and several other rights that benefit an owner. Each of these rights serves to empower the owner in various aspects of property management and utilization. The right of use allows the owner to utilize the property as they see fit, within legal limits. The right of enjoyment enables the owner to enjoy their property without interference from others, while the right of disposal gives the owner the authority to sell, lease, or otherwise transfer ownership of the property as they choose. In this context, the right of access does not traditionally fall under the typical enumerated rights in the bundle. While access is important for the practical use of a property and may be inferred from other rights, it is not explicitly recognized as a standalone right in the same manner as the others mentioned. Therefore, identifying the right of access as not being part of the Bundle of Rights is appropriate.