Indiana Real Estate Broker Exam — All Questions

All Property Ownership Land Use Controls and Regulations Valuation and Market Analysis Financing Contracts Agency Property Disclosures Transfer of Title Practice of Real Estate Property Management Real Estate Calculations Indiana License Law (IC 25-34.1)Indiana Agency Indiana Practice Indiana Requirements

1 questions

Property Ownership

A form of co-ownership in which two or more owners each hold an undivided interest with the right of survivorship is known as:

a.Tenancy in common
b.Joint tenancy✓
c.Ownership in severalty
d.A leasehold estate

In a joint tenancy, co-owners hold equal, undivided interests and enjoy the right of survivorship: when one joint tenant dies, that share passes automatically to the surviving joint tenants rather than to heirs. Tenancy in common has no survivorship, and ownership in severalty is ownership by one person alone.