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Questions and Answers
Which term refers to an interest in land that is or may become possessory?
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?
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?
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?
Which term describes an association of two or more persons to carry on a business for profit?
What is the abbreviation 'REIT' in real estate jargon used for?
What is the abbreviation 'REIT' in real estate jargon used for?
Which term refers to a group of individuals who come together and pool their resources to carry out an enterprise?
Which term refers to a group of individuals who come together and pool their resources to carry out an enterprise?
What is described as a building or complex of buildings containing individually owned apartments or houses?
What is described as a building or complex of buildings containing individually owned apartments or houses?
What term is used to describe an artificial person, a legal entity separate from its shareholders?
What term is used to describe an artificial person, a legal entity separate from its shareholders?
In real estate, what type of property is owned by a corporation and tenanted by shareholders with proprietary leases for their units?
In real estate, what type of property is owned by a corporation and tenanted by shareholders with proprietary leases for their units?
What does the abbreviation 'LLC' stand for in real estate?
What does the abbreviation 'LLC' stand for in real estate?
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