Real Estate 306 Exam 1 Questions and Answers 100% Verified
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Module
Real Estate 306
Institution
Real Estate 306
Co ownership types: - - Condominium
- Cooperative
- Timeshare
Land - may include more than the earth, may also include improvements to the land
personal property - things that are movable & not permanently affixed to the land
Ownership rights - Real estate provides people with this "bundle of ...
property - refers to anything that can be owned or possessed
Forms of Direct Co-Ownership - - Tenancy in common
- Joint tenancy
- Tenancy by entirety
- Condominium
- Timeshare
Tenancy in common - - Default form of ownership, if no further direction is given
- undivided share of the whole
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