Ownership
Community Property
A concise definition for the California Real Estate Exam study guide.
Definition
California's default form of ownership for married couples. Property acquired during marriage is generally community property. Each spouse owns an undivided one-half interest.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 1: Real Estate Ownership & Land Use →