Bob Hogue Sales Associate Practice Exam

Question: 1 / 750

What is the term for ownership that gives a deeded interest in real estate?

Interval ownership

The term that describes ownership giving a deeded interest in real estate is interval ownership. This refers to a form of property ownership associated with timeshare arrangements, where multiple owners hold a deed to a property but have the right to use it during specific time intervals. Each owner benefits from having an actual ownership stake, which distinguishes it from other forms of property rights that do not confer full ownership.

In contrast, an easement involves a right to use someone else's land for a specific purpose, such as accessing a road, but does not convey ownership of the land itself. A leasehold grants a tenant the right to occupy and use a property for a defined period, but ownership remains with the landlord. Equitable title refers to the benefits of ownership, such as the right to use and benefit from the property, but it does not confer the same legal ownership rights as a deeded interest.

Get further explanation with Examzify DeepDiveBeta

Easement

Leasehold

Equitable title

Next Question

Report this question

Download Bob Hogue Sales Associate Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy