Florida Real Estate Practice Exam

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Prepare for your Florida Real Estate Exam with a comprehensive quiz featuring multiple-choice questions, hints, and detailed explanations. Gain the confidence you need to succeed in obtaining your real estate license!

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What is a characteristic of Joint Tenancy?

  1. Interests automatically go to heirs

  2. Owners have unequal shares

  3. There is a right of survivorship, must have equal shares

  4. Interests can be divided any time without consent

The correct answer is: There is a right of survivorship, must have equal shares

A characteristic of Joint Tenancy is the presence of a right of survivorship, meaning that if one joint tenant passes away, their share automatically transfers to the remaining tenant(s). Unlike Joint Tenancy, A is a characteristic of Tenancy in Common where each owner's interests would go to their heirs. B is incorrect because in Joint Tenancy, each owner must have equal shares. D is incorrect because Joint Tenancy requires the owner's consent in order to transfer or divide their interests. Only in Tenancy in Common do owners have the freedom to divide their interests any time without consent.

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