Future interest in real property refers to ________.
A)an interest in real property that involves actual and current possession
B)an interest in an estate that represents the highest form of ownership
C)an interest in real property that has been sold or permanently transferred to a third party
D)an interest in real property that a grantor retains for himself or herself or a third party

Question

Quizplus · Accepted Answer

Future interest in real property refers to an interest in real property that a grantor retains for himself or herself or a third party. It is an interest that will take effect in the future, after the expiration of a prior interest or the occurrence of a specified event. Examples of future interests include remainders, reversions, and executory interests.

Future Interest in Real Property Refers to ________