Which term refers to the act of changing property from one form to another?

The correct answer is "Conversion” because this term specifically pertains to the act of changing property from one form to another in the context of real estate and law. Conversion is often used to describe scenarios in which the nature of the property changes, such as when tangible property is transformed into a different kind of tangible property or when personal property is changed into real property (or vice versa). In real estate practice, conversion may refer to altering the use of a property or the legal status of property types.

The other terms provided relate to different concepts. "Transformation" implies a significant change in appearance or nature, but it is not commonly used in a real estate context. "Transmutation" may refer to changing the status of property in relation to ownership (such as from separate to community property), but it is not the standard term used for converting property types. "Transmission" generally refers to the transfer of property rights or title, not the conversion of the property's form itself. Therefore, "Conversion" is the most accurate term for the act of changing property from one form to another.