What is Right of Survivorship? | REAL-ESTATE-SALESPERSON Exam Prep

Right of survivorship is a legal feature of joint tenancy and tenancy by the entirety that automatically transfers a deceased co-owner's interest to the surviving co-owner(s), bypassing probate. 📚 Learn more about Right of Survivorship and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Right of Survivorship definition: https://www.open-exam-prep.com/glossary/right-of-survivorship 💡 Exam Tip: Right of survivorship = automatic transfer to surviving co-owner. Joint tenancy and tenancy by entirety HAVE it. Tenancy in common does NOT. Bypasses probate and CANNOT be overridden by will. --- #real-estate #examprep #financeexam #real-estate-salesperson