Property Ownership
What is a cooperative (co-op) interest in Missouri real estate?
AFee simple ownership of a specific unit
BShares in a corporation that owns the building, with a proprietary lease for the unit✓ Correct
CA type of timeshare
DJoint tenancy between a buyer and seller
Explanation
In a cooperative, residents own shares in the corporation that owns the building and receive a proprietary lease for their unit. This is less common in Missouri than condominiums.
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