Ace the PSI New Jersey Real Estate Test 2025 – Unlock Your Property Power!

An easement allows for the use of land without transferring ownership of the property, which is the primary characteristic that distinguishes it from a deed. A deed is a legal document that conveys ownership rights of real estate from one party to another. When someone holds an easement, they have the right to use a portion of someone else's property for a specific purpose, such as accessing a road or utility lines, without attaining ownership of that land.

The other options focus on aspects that do not define easements. For instance, transferring ownership is the main function of a deed, while easements merely grant usage rights. The assertion that easements are a permanent fixture of the property does not fully capture their nature, as easements can be temporary or can be terminated under certain conditions. Lastly, the requirement of a tax assessment is not a characteristic of easements; property taxes are usually assessed based on ownership rather than the rights granted under an easement.