What best describes a license in real estate?

A license in real estate is best described as a revocable personal privilege to use land for a specific purpose. This means that it is not a property right but rather a permission granted by the property owner that can be withdrawn at any time. Unlike easements that are permanent and more formal, licenses are temporary and can simply be revoked by the property owner without needing to provide a reason.

In contrast, options that describe permanent easements, legal titles, or exclusive rights to utilize property refer to more enduring interests in property ownership. A permanent easement is a specific legal allowance that continues even if the property changes hands. Legal title signifies full ownership of a property, which grants all rights associated with ownership. Exclusive rights to utilize property typically refer to the comprehensive rights that an owner possesses, which go beyond the temporary nature of a license. Thus, the nature of a license as a revocable permission aligns completely with option B.