Tennessee Real Estate License Exam Practice Question
The sale, or pledge for security, of property held in tenancy by the entirety requires
Correct Answer: C
Rationale: In tenancy by the entirety, both spouses hold equal rights to the property, meaning both must consent to any sale or pledge for security. Thus, the signatures of both owners are essential for the transaction to be valid.
Option A is incorrect since property can have encumbrances and still be sold with proper consent. Option B is misleading; while a fair exchange is ideal, it is not a legal requirement for the sale to be effective. Option D is also wrong; suing for partition is a separate legal action that does not pertain directly to the requirement for selling or pledging property held in tenancy by the entirety.
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