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Real Estate Licensing NCREC-Broker-N Exam - Topic 1 Question 14 Discussion

Actual exam question for Real Estate Licensing's NCREC-Broker-N exam
Question #: 14
Topic #: 1
[All NCREC-Broker-N Questions]

Friends Jack, Jill, and Harold bought a warehouse property in North Carolina, and the deed simply stated, "as joint tenants." Assuming Harold had a will when he died, who got his share of the warehouse?

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Suggested Answer: C

In North Carolina, joint tenancy includes the right of survivorship unless otherwise stated. If a deed says 'as joint tenants,' and right of survivorship is implied or established, then Harold's share automatically passes to the surviving joint tenants (Jack and Jill), regardless of Harold's will. Since nothing indicates the tenancy was anything other than traditional joint tenancy with survivorship, Jack and Jill receive Harold's share.

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Marsha
17 days ago
I recall a similar question where joint tenants automatically inherit each other's shares. So, I would lean towards C) Jack and Jill.
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Alyssa
22 days ago
I'm not entirely sure, but I feel like if Harold had a will, it might complicate things. Did we cover that in class?
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Margot
27 days ago
I think I remember that joint tenancy means the right of survivorship, so Harold's share would go to Jack and Jill.
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