Principles, Property, and Land Use Practice Question

Question

An agent compares two similar exam concepts for the North Carolina Real Estate Broker Exam involving joint tenancy and North Carolina Real Estate Commission. What should the licensee understand? (Item 65)

Answer choices

1. A. Identify survivorship concepts and required unity elements at a high exam level in a way that fits North Carolina exam practice.
2. B. The party who complains first automatically receives the remedy requested.
3. C. Escrow or closing staff automatically assume all brokerage agency and disclosure duties.
4. D. The client’s preference eliminates the need to disclose known material facts.

Correct Answer

A. Identify survivorship concepts and required unity elements at a high exam level in a way that fits North Carolina exam practice.

Explanation

The correct answer is A because joint tenancy requires candidates to identify survivorship concepts and required unity elements at a high exam level. The North Carolina reference keeps the scenario tied to state licensing practice, while the other options rely on unsafe assumptions about oral custom, escrow, client preference, independent licensee authority, or ignoring written duties.

Question details

• Difficulty: easy
• Domain: Principles, Property, and Land Use
• Objective: joint tenancy

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