Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam. In this episode you will learn: • Why Tenancy in Common is the default ownership for non-married co-owners. • The distinction between undivided interest and physical division of property. • How the lack of survivorship rights makes this form of ownership inheritable. • The flexibility of Tenancy in Common regarding unequal shares and different acquisition times. • How to identify the "Unity of Possession" as the only requirement for this ownership type. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep