Full question:
What three ways of ownership of real estate can be received other than a normal purchase contract between buyer and seller?
- Category: Real Property
- Date:
- State: Ohio
Answer:
Real estate can be transferred in several ways besides a standard purchase contract. These include:
- Through a trust, where property is managed by a trustee for the benefit of beneficiaries.
- Under a will, where property is passed on to heirs upon the owner's death.
- As a gift, where ownership is transferred without payment.
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