Property Ownership
In Maryland, a property held in trust by a trustee for the benefit of beneficiaries means:
AThe beneficiaries hold legal title
BThe trustee holds legal title but the beneficiaries hold equitable (beneficial) title✓ Correct
CThe trust must be registered with MREC
DThe property cannot be sold without MREC approval
Explanation
In a trust arrangement, the trustee holds legal title to the property for the benefit of the beneficiaries, who hold the equitable (beneficial) interest.
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