Jpeirano4451 Jpeirano4451

20-11-2019
Business

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"Jim has part ownership in a house. He has decided to sell his interest. He signs an agreement with a local real estate broker without informing the other two owners. Jim is most likely holding his part ownership as"

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oopsydaisy oopsydaisy

25-11-2019

The correct answer is "joint tenant."

Further Explanation:

Jim can sell his interest in the home and hold a joint tenant ownership. This means that when the other two owners decide to sell or pass away, Jim's share will go to the person that he sold too. Jim will not receive anymore money in future profits of the home since he sold his part of the home.

When there are 3 owners of a home, the interest each person can be different. One person may have 50% of the home and the other owners 25%. This will vary depending on the contract of the home.

Learn more about joint tenants at https://brainly.com/question/12902736

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