What are the different types of ownership available for real estate?

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Rainmaker
1,466,257

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

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1

Richard Weeks

Dallas, TX

Rainmaker
5,044,912

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

Upvote

1

Tony and Suzanne Marri...

Scottsdale, AZ

Rainmaker
5,583,758

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

Upvote

1

Richard Weeks

Dallas, TX

Rainmaker
3,073,563

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Richard Weeks nailed this one!

Oct 14, 2016 12:01 AM

Upvote

Rainmaker
2,821,910

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

Upvote

Rainmaker
4,677,756

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

Upvote

Rainmaker
5,194,221

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

Upvote

Rainmaker
5,402,245

Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Varies by state thanks to uniformed legislators!

Oct 13, 2016 10:43 PM

Upvote

Rainmaker
1,743,727

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

Upvote

Rainmaker
4,434,227

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

Upvote

Rainmaker
4,321,300

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston 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

Upvote

Rainmaker
2,411,592

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

Upvote

Rainmaker
3,988,113

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

Upvote

Rainmaker
1,157,791

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

Upvote

Ambassador
2,697,166

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

Upvote

Rainmaker
4,297,699

John Pusa

Glendale, CA

abby tiscareno There are several different of real estate ownership.

Oct 13, 2016 11:11 AM

Upvote

Rainmaker
1,618,024

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

Upvote

Rainmaker
864,708

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

Upvote

Rainmaker
915,733

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

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abby tiscareno Richard Weeks and Barbara Todaro have this one answered.
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.
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...
Each one has a purpose. The buyer has to choose the one that suits their need
There are many and this is best advised by an attorney or tax professional.
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.
Richard Weeks nailed it - sorry that I don't have a nail image to include
Those answers can be found in your real estate pre-license book.
It depends on your jurisdiction and possibly other jurisdictions. Consult legal and tax professionals in the relevant jurisdiction(s).
abby tiscareno There are several different of real estate ownership.
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.