MONTANA REAL ESTATE SALESPERSON EXAM QUESTIONS AND ANSWERS. VERIFIED.[LATEST EXAM UPDATES]

MONTANA REAL ESTATE SALESPERSON EXAM QUESTIONS AND ANSWERS. VERIFIED. Tenancy in Severalty - -One person or Corporation owns Tenancy in Common - -Equal or unequal undivided ownership between 2 or more people. Upon decease, shares are passed on to Heirs Joint Tenancy - -4 Unitys: Interest-each owner has same interest Possession: all owners hold undivided interest Time: interest received at same time Title: all owners acquire their interest with the same deed If one owner dies, interest reverts to other members Tenancy by entirety - -Only available to married couples. right of survivorship exists, cant sell property without consent of both parties. Bundle of Rights - -Possession Quiet Enjoyment Disposal Exclusion Control Fee Simple - -You possess all the right