ESCROW SAMPLE TEST – UTAH STUDY GUIDE WITH ACCURATE ANSWERS 2026 COMPLETE REVIEW PACKAGE

ESCROW SAMPLE TEST – UTAH
STUDY GUIDE WITH ACCURATE
ANSWERS 2026 COMPLETE REVIEW
PACKAGE
◉ Joint Tenancy.
Answer: - Both Parties have 100% ownership
- If there are three owners and one acts individually/alone, joint tenancy
is automatically severed and tenants in common is assumed
- If a divorce decree order is passed (not filed!), joint tenancy is severed
- Trusts and entities cannot have joint tenancy. All parties MUST be real
persons


◉ Joint Tenancy Examples.
Answer: o Husband and Wife (implied)
o As Joint Tenants (Use for same sex couples)
o With Full Rights of Survivorship


◉ Tenants in Common.
Answer: - Ownership is evenly distributed among parties equally or as
specified
- 1 person = 100%, 2 people = 50% / 50%
- If there is no other vesting, tenants in common is assumed
- If one person dies, their ownership will go through probate, not to other
owner unless specified in their will

, - Example: Businesses and Trusts


◉ Involuntary Alienation.
Answer: Transfer of property without consent of owner
- Example: foreclosure


◉ Condemnation.
Answer: (Action): When the government takes (or divests) property for
fair value
- Example of this would be if a home was no longer safe to live in, the
gov't could condemn the property and give the owner fair value for the
home


◉ Eminent Domain.
Answer: (Authority): The authority the government has to exercise
condemnation


◉ Accession.
Answer: When Real Estate and Boundaries change


◉ Accession Example.
Answer: if a boundary line is a river, and the course of the river
(meander line) changes, you could either gain or lose property
depending on the situation