Part 5

Question 1

Ownership in _____________ is really sole ownership by an individual or single entity

Answer 1

Severalty

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Question 2

T/F a corporation that has two partners, owns a parcel of land. The land would be considered Ownership in Severalty

Answer 2

True

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Question 3

T/F - In order to form a REIT a minimum of 200 investors is required

Answer 3

False, 100

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Question 4

A private or public partnership that pools funds for the acquisition and development of real estate projects or other business ventures

Answer 4

Syndication

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Question 5

In ___________ in common each co owner holds a separate interest and can sell, mortgage or transfer this interest without the consent of the other CO owners

Answer 5

Tenancy

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Question 6

If tenancy is not implied in the deed, ____________ ____ ___________ is implied

Answer 6

Tenancy in Common

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Question 7

When a tenant dies under _________ tenancy, the interests are passed to the other surviving tenants and not to the heirs or according to will

Answer 7

Joint

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Question 8

T/F - Joint Tenancy must be specifically written in

Answer 8

True

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Question 9

In ____________ ownership, owners own shares of the real estate through stocks

Answer 9

Cooperative

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Question 10

T/F - PUD’s (Planned Unit Development) were created to provide a mor efficient use of land

Answer 10

True

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