Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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How is property owned in a marriage under Tenancy by the Entirety?

Joint tenancy between spouses
Each spouse has undivided and equal interest
Spouses hold separate interests
Property is solely owned by one spouse

The correct answer is: Each spouse has undivided and equal interest

In a Tenancy by the Entirety, the property is owned jointly by both spouses, meaning they have equal and undivided ownership of the property. Option A, joint tenancy between spouses, is incorrect because it implies that the spouses have separate interests in the property, when in fact they hold a joint ownership. Option C, spouses holding separate interests, is also incorrect because it goes against the principle of Tenancy by the Entirety where the couple holds a joint interest. Option D, property being solely owned by one spouse, is incorrect because in Tenancy by the Entirety, both spouses have equal ownership and cannot solely own the property.