North Carolina Real Estate Broker Exam — All Questions

Two unmarried business partners take title so that if one dies, the survivor automatically owns the whole property. Which form of co-ownership accomplishes this?

• a.Tenancy in common
• b.Tenancy by the entirety
• c.Joint tenancy with right of survivorship✓
• d.Severalty

Joint tenancy with right of survivorship passes a deceased owner's interest automatically to the surviving joint tenant, avoiding probate. Tenancy in common has no survivorship, so a decedent's share goes to their heirs. Tenancy by the entirety is reserved for married couples, and severalty means sole ownership by one person, so neither fits two unmarried partners seeking survivorship.