NEVADA TIMESHARE LICENSE TEST QUESTIONS WITH COMPLETE SOLUTIONS 100% VERIFIED 2024/2025
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NEVADA TIMESHARE LICENSE TEST QUESTIONS WITH COMPLETE SOLUTIONS 100% VERIFIED 2024/2025
severalty/sole ownership - answer ownership of real property by one person only
Co-ownership - answer Title ownership held by two or more persons.
Trust Ownership - answer held by a third party fo...
severalty/sole ownership - answer ownership of real property by one person only
Co-ownership - answer Title ownership held by two or more persons.
Trust Ownership - answer held by a third party for the benefit of someone else
tenency in common - answer Each tenant holds a fractional undivided interest
tenency in common - answer Each tenant can convey or devise his or her interest, but not entire interest
Joint Tenancy - answer Unity of ownership, created by an intentional act, Unities of possession, interest,
time, title
Joint Tenancy - answer Right of survivorship, heirs get nothing
Tenants by the entirety - answer Husband and wife have equal undivided interest in property
Tenants by the entirety - answer Right of survivorship, convey by a deed signed by both parties. One
party can't convey one-half interest
Community Property - answer Husband and wife are partners in marriage. Real or personal property
acquired during the marriage is community property.
Community Property - answer Conveyance requires signature of both spouses. No right of survivorship;
when spouse dies, survivor owns one-half of community property. Other one-half is distributed
, according to will or, if no will, according to state law
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