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e-lub [12.9K]
3 years ago
15

Jim has part ownership in a house. He has decided to sell his interest. He signs an agreement with a local real estate designate

d broker without informing the other two owners. Jim is most likely holding his part ownership as:_______
Business
1 answer:
Scilla [17]3 years ago
3 0

Answer:

joint tenant

Explanation:

Based on the information provided within the question it seems that Jim is most likely holding his part ownership as joint tenant. This is a unique type of ownership in which more than one individual share ownership of a property. These individuals share the exact same amount of rights to do with the property as they wish. Which is why Jim was able to sign away his part of the ownership without informing the other owners.

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