What is a 'transfer on death deed' (TODD) in California?
Why A revocable deed that allows a property owner to designate a beneficiary to inherit real property at death, without going through probate Is Correct
Answer B: A revocable deed that allows a property owner to designate a beneficiary to inherit real property at death, without going through probate
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
People Also Study
Related California Questions
- A listing agreement that gives one specific broker the right to sell a property, but still allows the owner to sell without paying a commission, is a:Contracts
- Which form of co-ownership in California requires all owners to hold equal, undivided interests and automatically passes a deceased owner's share to the surviving owners?Property Ownership
- Under California's race-notice recording statute, a subsequent purchaser prevails over a prior unrecorded deed if the subsequent purchaser:Escrow & Title
- Which form of co-ownership is most commonly used between married couples in California who want the property to pass to the survivor without probate?Property Ownership
- A person receives compensation for negotiating a real estate transaction without a license in California. This is:DRE & Licensing
- A grant deed in California contains which implied warranty?Property Ownership
- Under California law, how can a joint tenancy be severed by one co-owner without the consent of the other joint tenants?Property Ownership
Key Terms to Know
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EscrowA neutral third-party arrangement where funds, documents, and instructions are held until all conditions of a real estate transaction are satisfied.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Tenancy in CommonCo-ownership where two or more people hold undivided interests that need not be equal and pass to each owner's heirs — no right of survivorship.
Study This Topic
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →