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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Which is not true regarding tenancy in partnership co-ownership of real property?

It is exempt from commercial property rules.
A partner’s right in the property can be inherited.
It creates a right of survivorship.
A partner's right in the real property would be subject to community property rules.

The correct answer is: A partner's right in the real property would be subject to community property rules.

Tenancy in partnership co-ownership of real property does not create a right of survivorship, meaning that when a partner passes away, their share of the property does not automatically pass on to the other partners. Option A is incorrect because tenancy in partnership is not exempt from commercial property rules. Option B is incorrect because a partner's right in the property cannot be inherited, as it is not considered separate property. Option C is incorrect because tenancy in partnership does not create a right of survivorship, as mentioned above. Thus, option D is the correct answer as it accurately reflects the disadvantage of tenancy in partnership co-ownership of real property.