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You must review the material for this section and reattempt the Unit 8 quiz (Attached to the link below) to proceed to the next section.
Define severalty ownership
Which of the following does not qualify as concurrent ownership?
Define a partition
Define purchaser of stock
Define separate property
A syndicate is
Ownership of benefits within a trust us received by
Erica and Jasmine’s parents pass away leaving them with the family home. Each holds an undivided interest in the entire property and there’s no right of survivorship. If one of them dies, that sister’s share will go to whoever she’s stipulated in her will. What type of ownership does this situation describe?
Who will receive the property if the owner passes away without heirs and a will
What term describes real or personal property acquired by either spouse during marriage
Which are types of property ownership
The “bundle of rights” refers to a set of rights
Rachel and Zoey receive a single deed from a seller at closing conveying the property by name to each of the two friends, with equal shares and interest. If either Rachel or Zoey die, the interest and shares will automatically become those of the other co-owner.This is an example of:
If you are a joint tenant with no children, and your sister (the other joint tenant) dies first but she has three children, what happens to the property?
Which is not considered a common element in a condominium?
In the context of real estate, what is a cooperative?
Is there a difference between a PUD and a condominium?
Common areas do not include _____
what type of occupancy is not involved in a condominium hotel
Whose the owner of a community property?