This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. This episode covers content for the National Real Estate Exam.

In this episode you will learn:

• The core definition of the right of survivorship and why it bypasses the probate process and wills.

• How to apply the PITT mnemonic to remember the four essential unities of possession, interest, time, and title.

• The specific ways a joint tenancy is terminated or converted into a tenancy in common when an owner sells their share.

• Why corporations are legally barred from holding title as joint tenants due to their perpetual existence.

• The critical distinction between equal ownership shares in joint tenancy versus unequal shares in tenancy in common.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep