California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

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What is the ownership status after A sells her share of a jointly owned property to D?

B and C remain joint tenants, and D has no interest
D, B, and C become tenants in common
B and C are joint tenants, and D is a tenant in common with them
The joint tenancy is converted to a tenants by the entirety for all

The correct answer is: B and C are joint tenants, and D is a tenant in common with them

When A sells her share of the jointly owned property, B and C remain joint tenants because their ownership remains undivided at the same time. D, on the other hand, becomes a tenant in common with them because he now has a separate, individual interest in the property. Option A is incorrect because the ownership status does not change for B and C. Option B is incorrect because D also becomes a tenant in common, not just B and C. Option D is incorrect because the property ownership does not convert into a tenancy by the entirety, which is a form of joint ownership for married couples.