RE-121 Chapter Two Crossword Puzzle: Estates in Land and Methods of Holding Title
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Questions and Answers

Which term refers to an interest in land that is or may become possessory?

  • Syndicate
  • Waste
  • Estate (correct)
  • LLC
  • What does the abbreviation 'LLC' stand for in real estate?

  • Condo
  • Limited Liability Company (correct)
  • Landlord
  • Syndicate
  • In real estate, what does 'waste' refer to?

  • An interest in land
  • An artificial person or legal entity
  • Common areas shared by tenants
  • Permanent damage to property caused by a party in possession (correct)
  • Which term describes an association of two or more persons to carry on a business for profit?

    <p>Partnership</p> Signup and view all the answers

    What is the abbreviation 'REIT' in real estate jargon used for?

    <p>Real Estate Investment Trust</p> Signup and view all the answers

    Which term refers to a group of individuals who come together and pool their resources to carry out an enterprise?

    <p>Partnership</p> Signup and view all the answers

    What is described as a building or complex of buildings containing individually owned apartments or houses?

    <p>Condo</p> Signup and view all the answers

    What term is used to describe an artificial person, a legal entity separate from its shareholders?

    <p>Corporation</p> Signup and view all the answers

    In real estate, what type of property is owned by a corporation and tenanted by shareholders with proprietary leases for their units?

    <p>Cooperative</p> Signup and view all the answers

    What does the abbreviation 'LLC' stand for in real estate?

    <p>Limited Liability Company</p> Signup and view all the answers

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