California Real Estate Practice Exam

One way to jointly hold title to real property is "joint tenancy." Another way would be:

1. Community property

2. Tenancy in common

3. Tenancy in partnership

4. All of the above

The correct answer is: Community property

Another way to jointly hold title to real property is "tenancy in common." This option differs from joint tenancy because each owner has a distinct and separate interest in the property, which can be individually transferred or inherited. Community property, on the other hand, is a marital property designation that applies to married couples in certain states. Tenancy in partnership is not a common or recognized form of property ownership and thus is not a viable option for holding title to real property. Therefore, the correct answer for this question is A Community property.