California Real Estate Practice Exam

A building acquired by a husband before marriage and later sold to buy another building during the marriage is considered

1. community property.

2. separate property.

3. a joint tenancy.

4. a partnership.

The correct answer is: separate property.

Property owned before the marriage is generally considered separate property, regardless of the source of the funds used to purchase it. In this case, the building was acquired by the husband before marriage and therefore can be considered separate property. The fact that it was later sold during the marriage does not change its classification. It may be important to note that laws can vary from state to state and how they handle property acquired before marriage, but in general my answer stands correct. The options A, C, and D are incorrect because they all refer to types of shared ownership that do not apply to this situation. Community property refers to property acquired during marriage, joint tenancy is a type of co-ownership where all owners have equal rights to the property, and a partnership is a form of business ownership. None of these options accurately describe the scenario given in the question. Therefore, option B - separate property - is the