A person who owns one unit in a multiunit structure together with a specified undivided interest in the common elements would own a
A) cooperative.
B) share in a real estate investment trust.
C) condominium.
D) time-share interest.
Answer: C) condominium.
You might also like to view...
Which of the following is not one of the more common strategic benefits provided by capital investment projects?
a. Providing significant cost reductions, in terms of production and/or marketing costs. b. Being able to deliver a product that competitors cannot (i.e., product differentiation). c. Reducing the number of short-term (i.e., operational) decisions that management must make. d. Reducing manufacturing cycle time. e. Improving product quality.
When performing observations, it is best to select typical people and sites as opposed to atypical people and sites
Indicate whether the statement is true or false