One of the Advantages of Condominium Ownership Versus Cooperative Ownership

question 79

Multiple Choice

One of the advantages of condominium ownership versus cooperative ownership is that

• A) condominium ownership has no common ownership.
• B) cooperative ownership is free from periodic dues from members.
• C) cooperative ownership is usually corporate owned and sells stock through the secondary money market.
• D) condominium units can be individually mortgaged.

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Definitions:

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The legal responsibility for actions categorized as crimes by law, making individuals or entities subject to prosecution and punishment.

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