Real Estate Express Course Practice Exam

Sole ownership of real property by one owner is described as an estate in severalty. In this arrangement, a single person or entity holds title alone, with full control over the property and the ability to sell, mortgage, or transfer it without needing anyone else’s consent. The other forms involve multiple owners: joint tenancy requires two or more owners with a right of survivorship; tenancy in common allows co-owners to hold undivided interests (potentially with different shares) but no survivorship; tenancy by the entirety covers married couples as a unit with survivorship. Because only estate in severalty represents ownership by one owner, it’s the term that fits sole ownership.