California Real Estate Practice Exam

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Prepare for the California Real Estate Exam. Study with flashcards and questions featuring hints and explanations. Get exam-ready!

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In real estate, the word "tenancy" means:

a device
a mode or method of holding ownership
a tenacious person
two or more persons joined in an enterprise

The correct answer is: a device

In real estate, the term "tenancy" refers to a mode or method of holding ownership of real property. It defines the relationship between the owner and the occupant or tenant. This term is commonly used to describe different types of property ownership, such as tenancy in common, joint tenancy, or tenancy by the entirety. The other options are incorrect because they do not accurately define the term "tenancy" in the context of real estate.