A 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

A future interest in real property refers to an interest that a grantor retains for himself or herself or a third party. This means that the interest is not immediately possessory or current, but rather will only come into effect at a future date or event (e.g. a life estate in which the grantor retains a remainder interest for a third party).

A Future Interest in Real Property Refers to ________