Colorado Real Estate Broker Exam — All Questions
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1 questions
Property Ownership
An owner holds land plus the right to use the airspace above it and the minerals below it. This complete set of legal interests that comes with ownership is best described as the:
- a.Fee tail estate
- b.Riparian doctrine
- c.Bundle of rights✓
- d.Doctrine of emblements
The 'bundle of rights' describes the full set of legal rights an owner enjoys: possession, control, enjoyment, exclusion, and disposition. These rights can be separated and conveyed individually, such as selling mineral rights while keeping surface rights. Ownership is always subject to lawful government powers like taxation and zoning.