Which term denotes complete legal ownership of real property?

The term that denotes complete legal ownership of real property is "Legal Title." When an individual holds legal title to a property, they possess the full rights and privileges associated with ownership. This includes the right to use the property, lease it, sell it, or otherwise transfer it to another party.

Legal title signifies that the individual is recognized by law as the owner of the property, having the authority to make decisions regarding the property without needing permission from others. This ownership is often evidenced through a deed, which is a legal document that transfers title from one party to another.

In contrast, the other terms do not represent complete ownership. "Property" is a general term that refers to any asset, real or personal, and does not specify the legal rights associated with it. "Exclusion" typically refers to the right of an owner to prevent others from using their property, which is just one aspect of ownership rather than a definition of ownership itself. "Common Law" pertains to law developed by judges through court decisions rather than statutes and is not specific to property ownership.

Understanding legal title is crucial for real estate professionals, as it forms the foundation of property rights and ownership within legal contexts.