Alabama Real Estate Practice Exam

Question: 1 / 400

What does ownership in a co-op provide?

A specific unit only

Land ownership

Shares in the underlying corporation

Ownership in a co-op can be confusing because it is different from traditional home ownership. Option A is not entirely correct because ownership in a co-op provides more than just a specific unit. Option B is incorrect because co-op owners do not own the land on which the co-op is built. Option D can be misleading because fractional ownership implies partial ownership, but in a co-op, all members have equal shares in the underlying corporation. This is why option C is the correct answer, as ownership in a co-op provides shares in the underlying corporation that owns and manages the entire building.

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Fractional ownership

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