Property Ownership

What is a Nevada business trust as a real estate ownership vehicle?

AA trust limited to Nevada businesses only

BA trust entity created under Nevada law to hold real property, offering liability protection and favorable treatment for investment and estate planning purposes✓ Correct

CA trust managed by the Nevada Real Estate Commission

DA trust requiring a real estate license to operate

Explanation

Nevada allows the creation of business trusts (Nevada Revised Trust Act) that can hold real property. These trusts offer privacy, asset protection, and estate planning benefits.

People Also Study

Key Terms to Know

1031 Exchange

A tax-deferred exchange allowing investors to sell one investment property and reinvest proceeds in a like-kind property while deferring capital gains taxes.

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Easement

A non-possessory right to use another person's land for a specific purpose.

Encumbrance

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.