Humber/Ontario Real Estate Course 2 Exam Practice

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Prepare for the Ontario Real Estate Exam with our comprehensive Humber Course 2 Exam Practice quiz. Engage with multiple choice questions and detailed explanations, designed to help you excel.

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Which four unities are required for joint tenancy?

Unity of title, possession, interest, and ownership
Unity of title, possession, time, and survivorship
Unity of title, time, interest, and possession
Unity of survivorship, termination, possession, and interest
Unity of spousal interest, possession, title, and time
Unity of ownership, title, interest, and possession

The correct answer is: Unity of title, time, interest, and possession

In joint tenancy, the four unities that are required are: unity of title, time, interest, and possession. Here's why the other options are incorrect: - Option A includes "ownership" instead of "time," which is not one of the necessary unities for joint tenancy. - Option B includes "survivorship," which is not one of the unities required for joint tenancy. - Option D includes "termination," which is not a unity required for joint tenancy. - Option E includes "spousal interest," which goes beyond the basic unities necessary for joint tenancy. - Option F includes "ownership," which is not one of the required unities for joint tenancy.