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What does a title represent?

  1. A legal document required for land development

  2. The legal right to use a property as collateral

  3. The right of possession or ownership of property

  4. A government issued certificate for land use

The correct answer is: The right of possession or ownership of property

A title represents the right of possession or ownership of property, meaning the legal right to control and use the property. Option A is incorrect because a title is not a legal document required for land development, though it may be necessary to transfer ownership of a property. Option B is incorrect because a mortgage represents the legal right to use a property as collateral, not a title. Option D is incorrect because a land use certificate, also known as a zoning permit, is issued by the government to regulate land use and development, but it does not represent ownership rights.