Condos, Co-ops, PUDs & Timeshares

National · Property Ownership & Land Use — free cheat sheet for the real estate licensing exam.

🏘️ Property Ownership & Land Use

📋 The 1-minute cheat sheet

Condo: fee simple in the UNIT + undivided share of common elements; own real estate
Co-op: you own STOCK + a proprietary lease — personal property, board approval to sell
PUD: own your lot + house; HOA owns common areas
Timeshare: right to use for a period — estate (deeded) or use (contract)
Exam cue: co-op owner pays 'maintenance'; condo owner pays 'assessments/HOA dues'

Is Condos, Co-ops, PUDs & Timeshares on the real estate exam?

Yes. Property Ownership & Land Use is a scored domain on the real estate licensing exam, and this topic appears in the national portion.

Is this cheat sheet free?

Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.