California Real Estate Practice Exam

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Study for the California Real Estate Exam. Engage with multiple choice questions and detailed explanations to sharpen your knowledge. Get ready to ace 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.