Ohio Real Estate Salesperson Exam — All Questions
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1 questions
Specialty Areas
In a condominium, an individual owner typically holds fee simple title to their unit and a shared interest in:
- a.The neighboring units
- b.The developer's future projects
- c.Only the parking lot
- d.The common elements✓
A condominium owner holds title to their individual unit plus an undivided shared interest in the common elements, such as hallways, grounds, and amenities. This shared ownership is governed by the condominium association and its documents.