Property Ownership and Land Use Practice Question
Question
A broker is supervising a transaction file involving joint tenancy. Which statement best describes joint tenancy? (Item 3)
Answer choices
- A. It allows a salesperson to act independently of the responsible broker.
- B. It shifts all responsibility to escrow and eliminates the broker’s duties.
- C. Recognize unity requirements and the right of survivorship in joint tenancy.
- D. It makes oral promises enforceable in every real estate transaction.
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