No. There is no excludable relationship and there is no divorce marriage settlement agreement. Even though you have a 50% mutual agreement, and if your ex-spouse decides after you are divorced to give up 50% interest, it will result in a reassessment of that 50% if you did not obtain a divorce marriage settlement agreement.
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No. All transfers between spouses during the marriage are excluded from reassessment regardless of the vesting on title. The vesting may be joint tenants, tenants in common, community property, community property with right of survivorship or in the family trust.
No. Transfers of ownership as a result of dissolution of marriage do not trigger reassessment.
No. Your ex-spouse or you, may buyout each other or sell the property in the open market as long as it is stated in the divorce settlement. Regardless of how title is held, the transfers between spouses pursuant to a property settlement agreement do not trigger a reassessment.