10 Questions
Which term refers to an interest in land that is or may become possessory?
Estate
What does the abbreviation 'LLC' stand for in real estate?
Limited Liability Company
In real estate, what does 'waste' refer to?
Permanent damage to property caused by a party in possession
Which term describes an association of two or more persons to carry on a business for profit?
Partnership
What is the abbreviation 'REIT' in real estate jargon used for?
Real Estate Investment Trust
Which term refers to a group of individuals who come together and pool their resources to carry out an enterprise?
Partnership
What is described as a building or complex of buildings containing individually owned apartments or houses?
Condo
What term is used to describe an artificial person, a legal entity separate from its shareholders?
Corporation
In real estate, what type of property is owned by a corporation and tenanted by shareholders with proprietary leases for their units?
Cooperative
What does the abbreviation 'LLC' stand for in real estate?
Limited Liability Company
Test your knowledge of real estate concepts from Chapter Two with this interactive crossword puzzle. Fill in the answers for clues related to estates in land, methods of holding title, and real estate investment terms.
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