What does ownership of property allow the owner to do?

Prepare for the NPMA Certified Professional Property Specialist (CPPS) Certification Test. Enhance your skills with quiz questions featuring hints and detailed explanations. Ensure your certification success!

Ownership of property grants the owner the comprehensive right to make any and all decisions regarding that property. This includes a wide range of possibilities such as altering the property, developing it, using it for personal purposes, renting it out, or selling it. The essence of property ownership is that the owner has the authority to determine how the property is used, how it is maintained, and whether it is conveyed to others or developed in some way. This sovereign ability to make decisions is fundamental to the concept of private property rights in real estate and enhances the owner's control over their assets.

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