Virginia Real Estate Salesperson Exam — All Questions
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1 questions
Property Ownership
Two people own a property as joint tenants with right of survivorship. When one owner dies, that owner's share:
- a.Passes to the deceased owner's heirs through probate
- b.Automatically passes to the surviving joint tenant✓
- c.Reverts to the state through escheat
- d.Is divided among all creditors first
Joint tenancy includes the right of survivorship, so a deceased joint tenant's interest passes automatically to the surviving joint tenant(s) outside of probate. In a tenancy in common, by contrast, a share passes to the deceased owner's heirs.