What form of ownership exists when a single individual holds title to a property alone, with no other owners?

Ownership in severalty. The term 'severalty' means the owner is 'severed' from all others, holding title entirely alone.

What are the four unities required to create a valid joint tenancy in California?

Time, Title, Interest, and Possession (TTIP). All four must exist simultaneously for a joint tenancy to be valid.

What is the key distinguishing feature of joint tenancy that does NOT exist in tenancy in common?

The right of survivorship. When a joint tenant dies, their interest automatically passes to the surviving joint tenant(s), bypassing probate.

Under tenancy in common in California, what happens to a co-owner's interest when they die?

The deceased co-owner's interest passes according to their will or intestate succession — it does NOT automatically transfer to the other co-owners.

In a tenancy in common, must all co-owners hold equal shares of ownership?

No. Co-owners in a tenancy in common may hold unequal shares (e.g., one owns 60%, another owns 40%), unlike joint tenancy which requires equal interests.

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Property Ownership – California Real Estate Salesperson Exam

Master the essential concepts of property ownership for the California Real Estate Salesperson Exam. These 28 flashcards cover forms of ownership, title holding, rights and restrictions, and key legal distinctions tested on the state exam. Build confidence with targeted questions on community property, joint tenancy, severalty, and more.

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