Future interest in real property refers to an interest in ________.
A) real property that involves actual and current possession
B) real estate that represents the highest form of ownership
C) real property that has been sold or permanently transferred to a third party
D) 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 a situation where a grantor retains an interest in a property for themselves or a third party. This means that the grantor no longer possesses the property but has the right to possess it in the future or transfer it to someone else in the future. Options A, B, and C do not accurately describe future interest in real property.

Future Interest in Real Property Refers to an Interest in ________