Colibri School Exam NJ (updated)question and answers rated A+

Colibri School Exam NJ (updated)question and
answers rated A+
Question 1:
2 friends were deeded a property by name with no further
explanation. What is their title status?
CORRECT ANSWER:
Tenants in common - when joint tenancy is not clearly stated in
the deed, grantees take title as tenants in common to avoid the
results of accidental joint tenancy. Tenants by entirety and
community property owners are only available for married
couples.
Question 2:
In real estate, which of the following is correct about the term
"title?"
CORRECT ANSWER:
[No answer provided in the text]

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