The main difference between a condo and a co-op lies in how ownership of each property works. A condominium, or condo, refers to a private residence located inside a shared building or complex that individual owners can purchase. While a housing cooperative (co-op) is also contained within a larger structure, its residents don’t actually own their living spaces and only have proprietary leases giving them the right to live there.
Functional obsolescence is a loss of value to an improvement to real estate arising from problems of design or utility. A crumbling roof is considered physical deterioration which is a reduction in a property's value resulting from a decline in physical condition; can be caused by action of the elements or by ordinary wear and tear.
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Can you explain more for me about question number 18? I thought it would be the condominium
The main difference between a condo and a co-op lies in how ownership of each property works. A condominium, or condo, refers to a private residence located inside a shared building or complex that individual owners can purchase. While a housing cooperative (co-op) is also contained within a larger structure, its residents don’t actually own their living spaces and only have proprietary leases giving them the right to live there.
This (and other videos) are excellent!!!
Great questions, can't wait to restart my class.
Wonderful!
Great Video! Great explanations and selection of questions. Thank you!
Glad it was helpful!
Thank you so much…. Your exams are most similar to the actual exam compared to other RUclipsrs!
Love these....
I do not understand why question number 6 is the answer , could you please elaborate on the answer? Thank you.
Functional obsolescence is a loss of value to an improvement to real estate arising from problems of design or utility. A crumbling roof is considered physical deterioration which is a reduction in a property's value resulting from a decline in physical condition; can be caused by action of the elements or by ordinary wear and tear.
I am with you...