Oregon 30-Hour Real Estate Law Practice Test

What type of asset is typically held in a land trust?

1. Intellectual property

2. Stocks and bonds

3. Real estate

4. Personal belongings

The correct answer is: Real estate

A land trust is specifically designed to hold real estate assets. This legal arrangement allows an individual or entity to place property into a trust, thereby facilitating privacy and certain benefits like simplifying property transfers and potential estate planning advantages. While the other types of assets listed, like intellectual property, stocks and bonds, and personal belongings, can be held in various forms of trusts, they are not applicable to a land trust's primary function. A land trust focuses exclusively on real estate, making it the appropriate and correct answer in this context.