Terms J-K

Question 1

Ownership of realty by two or more persons, each of whom has an undivided interest with the “right of survivorship”.

Answer 1

Joint Tenancy

Question 2

A business agreement in which the parties agree to develop, for a finite time, a new entity and new assets by contributing equity.

Answer 2

Joint Venture

Question 3

Horizontal timbers, beams or bars supporting a floor.

Answer 3

Joists

Question 4

Held that Congress could regulate the sale of private property in order to prevent racial discrimination. Bars all racial discrimination, private as well as public, in the sale or rental of property, and that the statute, thus construed, is a valid exercise of the power of Congress to enforce the 13th Amendment.

Answer 4

Jones vs. Mayer Supreme Court Decision (1968)

Question 5

Payment by a broker of any part of compensation to a real estate transaction to anyone who is not licensed or who is not exempt from the license law.

Answer 5

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