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Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

abby tiscareno Richard Weeks and Barbara Todaro have this one answered.

Oct 13, 2016 05:24 AM
Rainmaker
4,847,715
Richard Weeks
Dallas, TX
REALTOR®, Broker

 I assume this is for your class.  Like Barbara Todaro says never tell a client how to take ownership.

But for class room purposes here are the answers

Ownership in severalty (single person or entity)

Tenancy In Common

Joint Tenancy

Tenancy by the entirety.

 

Oct 13, 2016 05:09 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

this is a question for your local real estate attorney.... never guide a client with this type of information.... we don't wear the legal hat...

Oct 13, 2016 05:03 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Richard Weeks nailed this one!

Oct 14, 2016 12:01 AM
Rainmaker
2,775,046
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Each one has a purpose. The buyer has to choose the one that suits their need

Oct 13, 2016 11:34 PM
Rainmaker
4,550,601
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

There are many and this is best advised by an attorney or tax professional.  

Oct 13, 2016 10:59 PM
Rainmaker
4,969,239
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Barbara Todaro has the right answer..Bingo!

Oct 13, 2016 10:56 PM
Rainmaker
5,188,610
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Varies by state thanks to uniformed legislators!

Oct 13, 2016 10:43 PM
Rainmaker
1,722,326
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

Umm; let me think on this one a while

Oct 13, 2016 10:09 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

The others have answered.

Oct 13, 2016 09:35 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

abby tiscareno - share what you know about the different type of ownerships you learned at Real Estate School - and let them take the help of an attorney to decide.

Oct 13, 2016 03:25 PM
Rainmaker
2,349,535
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Richard Weeks nailed it - sorry that I don't have a nail image to include

Oct 13, 2016 01:42 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Those answers can be found in your real estate pre-license book.

Oct 13, 2016 01:41 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

It depends on your jurisdiction and possibly other jurisdictions.  Consult legal and tax professionals in the relevant jurisdiction(s).

Oct 13, 2016 01:04 PM
Ambassador
2,678,589
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

See a real estate attorney or Title attorney.

Oct 13, 2016 12:49 PM
Rainmaker
4,132,050
John Pusa
Glendale, CA

abby tiscareno There are several different of real estate ownership.

Oct 13, 2016 11:11 AM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

Someone is in real estate class

Oct 13, 2016 06:21 AM
Rainmaker
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

You can obtain the list from escrow. It is not up to us, the agent to advise either way as you don't want to be liable. Always advise the buyer to consult with their attorney or accountant.

Oct 13, 2016 06:04 AM
Rainmaker
897,328
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Have you checked your local text book?

Oct 13, 2016 05:12 AM