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Illinois Real Estate Exam

Category - Illinois

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The only unity required for the existence of a tenancy in common is:

Possession
Time
Title
Interest

Explanation

Answer: A - Equal right of possession is necessary in a tenancy in common; equal interest in not necessary. Unity of time or taking title at the same time is also not necessary and neither is unity of title, or being shown on the same document.

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Illinois Real Estate Exam

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Illinois Real Estate Exam

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