Question

1. ownership of an individual housing unit in a building is commonly called _____.

a) a cooperative.
b) modular housing.
c) manufactured housing.
d) a condominium.

Explanation:

To solve this, we analyze each option:

• Option A: A cooperative involves shared ownership of the building, not individual units.
• Option B: Modular housing refers to homes built in parts and assembled, not individual unit ownership in a building.
• Option C: Manufactured housing is factory - built and usually on a permanent or semi - permanent foundation, not about individual unit ownership in a building.
• Option D: A condominium is defined as the ownership of an individual housing unit within a building, with shared ownership of common areas.

Answer:

D) a condominium.