- Expand - answer✔✔Expand
Mary wants to indicate that her property will serve as a camp for foster children. What type of
estate does Mary want?
- Fee Assigned
- Qualified Fee Simple
- Life Estate
- No Unity Estate - answer✔✔Qualified Fee Simple
Sally, Jake, and Bill hold a property in joint tenancy. How are their property shares divided?
- One person must hold at least 50% of ownership
- Each person holds equal shares
- Each owner holds a 20% share
- Shares are not divided in joint tenancy - answer✔✔Each person holds equal shares
If the real estate interest-holder enjoys the right of possession, the party is considered to have
a(n)
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