Which of the following is NOT a unit of ownership?

The correct answer is that "Status" is not a unit of ownership. In property appraisal and real estate, the concept of ownership is typically expressed through various legal terms that define the rights, powers, and privileges associated with property.

Possession, interest, and title are all key units of ownership. Possession refers to having physical control of a property, albeit without necessarily having legal title. Interest relates to the legal right or stake a person has in a property, which can include various forms such as ownership interests, leaseholds, or encumbrances. Title represents the legal right to ownership of the property, evidenced by a deed or similar legal document confirming who holds ownership.

"Status," on the other hand, does not encapsulate a recognized legal unit of ownership. Instead, it can refer to the condition, placement, or standing of an individual or entity in a particular context, but it does not convey specific legal rights or ownership in relation to real property. Thus, in the context of units of ownership, "Status" stands apart from the others, which are concrete expressions of property ownership.