A Future Interest in Real Property Refers to ________

question 46

Multiple Choice

A future interest in real property refers to ________.

• A)an interest in real property that involves actual and current possession
• B)an interest in an estate that represents the highest form of ownership
• C)an interest in real property that has been sold or permanently transferred to a third party
• D)an interest in real property that a grantor retains for himself or herself or a third party

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Definitions:

Purchase

The act of buying goods or services in exchange for money or other agreed-upon compensation.

Business Incubator

An organization that supports early-stage companies through mentorship, resources, and sometimes financial investment.

New Businesses

Enterprises that have been initiated recently, entering the market with new or innovative services or products.

Grow

To increase in size, amount, or intensity over time through natural development or active effort.