Real Estate Licensing Course Cases

February 23rd, 2008 by admin

Cases regarding real estate licensing course following Kaiser have drawn from it four criteria which must be met for an interest in property to be taxable and possessory: independence, exclusivity, durability, and private benefit. Kaiser's pragmatic but cavalier dismissal of the contract's term-inability and restrictions upon transfer diminished taxpayers' ability to challenge the status of an interest as "possessory" on grounds that it lacked either of those two attributes. Because Kaiser was granted "exclusive use and possession" of the shipyard, the court did not need to refine the concept of "exclusivity" in that case.  

Posted in Home :: Real Estate