Property Ownership and Land Use Practice Question
Question
A salesperson is explaining a concept to a client involving tenancy in common. Which statement best describes tenancy in common? (Item 164)
Answer choices
- A. It is optional whenever both parties verbally agree to proceed.
- B. It allows a salesperson to act independently of the responsible broker.
- C. It shifts all responsibility to escrow and eliminates the broker’s duties.
- D. Identify separate, inheritable ownership shares without survivorship rights.
Correct Answer
D. Identify separate, inheritable ownership shares without survivorship rights.
Explanation
The correct answer is D because tenancy in common requires candidates to identify separate, inheritable ownership shares without survivorship rights. 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: medium
- Domain: Property Ownership and Land Use
- Objective: tenancy in common