Who is considered the Owner in property transactions?

In property transactions, the owner is defined as the individual who possesses the legal title to the property. This means that the owner has the recognized legal rights to the property as per the jurisdiction's laws, which includes the ability to occupy, sell, lease, or otherwise transfer their rights to the property. This legal title is a fundamental aspect of property ownership, distinguishing the actual owner from those who may have a role in managing, representing, or facilitating transactions regarding the property.

The other roles mentioned in the other choices, such as a representative, a property manager, or a broker, do not have ownership in the legal sense. A representative acts on behalf of the owner but does not hold legal title. A property manager oversees the day-to-day operations of rental properties without owning them, and a broker facilitates property sales but does not have ownership rights either. Therefore, possessing the legal title is the defining characteristic that makes someone the owner in property transactions.