Virginia State Real Estate Exam Practice Question
Advantage of ownership in severalty is:
Correct Answer: A
Rationale: Ownership in severalty allows an individual to make decisions independently, providing flexibility in managing the property. This autonomy enables quick responses to changing circumstances without needing consensus from others.
Option B, sharing risk, is more applicable to joint ownership scenarios where multiple parties can distribute potential losses.
Option C, joint decision making, contradicts the essence of ownership in severalty, which emphasizes individual control rather than collaboration.
Option D, high risk, misrepresents the nature of ownership in severalty, as it typically involves personal responsibility rather than increased risk.
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