Maine Real Estate License Practice Exam

Who owns the apartment building in Yarmouth after Robyn's death and the naming of her beneficiary?

1. Carrie, Pete, Robyn, Sean and Bella

2. Carrie, Pete and Sean

3. Bella

4. Carrie, Pete, Sean and Bella

The correct answer is: Carrie, Pete, Sean and Bella

In this scenario, the correct answer hinges on understanding the concept of beneficiaries and co-ownership in real estate. When Robyn specified a beneficiary in her estate plan, the ownership of the apartment building would typically transfer to that designated beneficiary upon her death. However, if Robyn had multiple heirs or co-owners designated in her will or trust, all named individuals would have a shared interest in the property. The mention of Carrie, Pete, Sean, and Bella suggests that they may all have been named as co-beneficiaries or otherwise legally entitled to a share of the property following Robyn's passing. Therefore, the apartment building in Yarmouth would be owned by all four individuals collectively, rather than being solely assigned to one person or a smaller group. This understanding emphasizes that when there are multiple beneficiaries listed, they generally share ownership rights, which aligns with the ownership structure implied in the correct choice.