Unit 8 Quiz Attempt #4

Which best describes severalty ownership

Which is not an example of concurrent relationship

Trusts can be which of the following

A partition entails

The term that best fits the definition: purchaser of stock would be

Separate property entails

A syndicate entails __

Ownership of benefits within a trust us received by

Eric and Tom 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 brother’s share will go to whoever he’s stipulated in his will. What type of ownership does this situation describe?

When an owner of a property passes away without any heirs or will who will receive the property?

Which term describes a home that has only one owner, no one shares the house with the owner or holds any interest in the house (except the lender). What type of ownership is described?

Which of the following describes real or personal property acquired by either spouse during the marriage

In a situation where legal title to a property is held and is entrusted, carrying out the trustor’s instructions regarding the purpose of the trust, what is the term/ title of this position?

If you are a joint tenant with three children, and your sister, who has no children, dies first, what happens to the property?

Tenants in common:

Which is considered a common element in a condominium?

In the context of real estate, what is a cooperative?

A tenancy in commons dicates

Common areas are managed by ____

In real estate, a trustee can be described as?