In the context of real estate transactions, what is a common consequence of non-lawful possession?

Prepare for the CAS 45-Hour Real Estate Principles Course Test. Use engaging flashcards and detailed multiple choice questions, including helpful hints and explanations. Achieve success in your exam preparation!

In real estate transactions, non-lawful possession typically leads to legal disputes. When a party occupies a property without legal rights—such as a tenant who has overstayed their lease or a squatter—this situation often triggers conflict between the rightful property owner and the person in possession.

The rightful owner may seek to reclaim their property, which can involve legal action. This process often includes filing for eviction or pursuing other legal remedies, leading to court proceedings. The resulting disputes can be time-consuming, costly, and stressful for all parties involved, highlighting the importance of lawful possession and adhering to legal frameworks when it comes to property ownership and rental agreements.

While immediate eviction can also occur as a result of non-lawful possession, it typically follows the legal dispute process, making it a less direct consequence. Other options like property depreciation or increased rent may occur in broader contexts but are not direct consequences of asking about non-lawful possession.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy