Property Ownership and Land Use Practice Question
Question
A first-time buyer asks for exam-focused clarification involving joint tenancy. Which statement best describes joint tenancy? (Item 143)
Answer choices
- A. It is primarily a tax rule with no effect on brokerage practice.
- B. It removes the need for written disclosure if the licensee believes the client already knows.
- C. Recognize unity requirements and the right of survivorship in joint tenancy.
- D. It can be ignored if the transaction is expected to close quickly.
Correct Answer
C. Recognize unity requirements and the right of survivorship in joint tenancy.
Explanation
The correct answer is C because joint tenancy requires candidates to recognize unity requirements and the right of survivorship in joint tenancy. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: easy
- Domain: Property Ownership and Land Use
- Objective: joint tenancy