In whose name is the title to the property shown on the deed?

Prepare for the New York Real Estate Salesperson Test with interactive multiple choice questions and detailed explanations on each topic. Study effectively and pass your exam with confidence!

The title to a property as shown on the deed is typically in the name of the entity or individual that holds ownership. Among the options provided, the correct response indicates that ownership can be established under a cooperative structure. In a cooperative, the entity owns the property, and individual members possess shares in the corporation that governs the co-op, which grants them the right to occupy a unit within the building.

In contrast, the other choices represent different forms of ownership, such as a corporation, an individual, or a trust, which also have their own legal frameworks for property ownership but do not accurately capture the essence of cooperatives. A corporation would refer to a company rather than the method of ownership found in cooperative living. An individual signifies single ownership, while a trust represents a legal arrangement where property is held for the benefit of another party, but it doesn't encompass the unique structure of cooperative ownership. Understanding the nuances between these types of ownership is crucial in real estate, especially in contexts relating to shared ownership arrangements.

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