Chapter 3C Questions
A mode of acquiring property that involves the addition of value to property through labor or the addition of new materials is known as what...?
Accession
A person who owns a property on a river delta also takes ownership of any additional land that builds up along that riverbank due to natural deposits or man made deposits is an example of what...?
Accession
Alluvion is caused by a process known as what..?
Accretion
A deed must be ............. in order to be recorded?
Acknowledged
A means of acquiring title where an occupant has been in actual, open, notorious, exclusive, and continuous occupancy of property under a claim of right for the required statutory period is known as what...?
Adverse Possession
A deed and a contract have similar legal requirements in regards to what...?
Allowing the documents to be enforceable
A sudden and perceptible loss or addition to land by the action of water, or a sudden change in the bed or course of a stream is known as what...?
Avulsion
The covenant that states "that the said premises are free from encumbrances", meaning what is being sold to the buyer, is known as what...?
Clear and Marketable Title
Anything given to induce another to enter into a contract such as money or personal services is known as what...?
Consideration
John is four weeks away from closing on a house and wants to verify what type of deed will be delivered at the closing. Where should John look to find this information...?
Contract
As a real estate agent, where should you search to find any records of violations on a property...?
Department of Buildings
Jim is looking to purchase a property but first wants to verify if there are any outstanding violations or complaints. Where should Jim go to find this information...?
Department of Buildings
ACRIS can be found under which New York City website...?
Department of Finance
This consists of the written words which delineate a specific piece of real property?
Description
What is an example of a covenant that may be found in a deed...?
Easement
A person or institution appointed by a testator to carry out the terms of their will is known as a/an...?
Executor
In the case where the owner has died and left a will, the fiduciary appointed to represent the estate is known as a/an...?
Executor
This type of deed is used only when the owner of the property is deceased?
Executor
This type of deed must recite the full consideration in the transaction...?
Executor Deed
A deed is NOT required to cite what...?
Full Consideration
A type of deed where the grantor guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee is known as what...?
Full Covenant and Warranty Deed
Joe is selling his house to Kevin for $520,000. Kevin is known as who in the transaction...?
Grantee
The seller in a transaction is known as the...?
Grantor
A .............. clause is also known as the "to have an to hold" clause?
Habendum Clause
A clause in a deed or lease that defines the type of interest and rights to be enjoyed by the grantee or lessee is known as what...?
Habendum Clause
In cases where the buyer agrees to take lesser title, how may the purchase price be affected...?
May be reduced
The proposition that the contract for the conveyance of property merges into the deed of conveyance is known as what...?
Merger Doctrine
The statute of frauds requires what for deeds...?
Must be in writing
Which part of a deed describes the facts of the transaction...?
Premises
This type of deed can be used when an owner of a property is looking to transfer the property to a company he/she owns?
Quitclaim
This type of deed has no warranties and no covenants against grantor's acts?
Quitclaim
This type of deed is typically used when a property is being gifted to another party?
Quitclaim
A deed which conveys simply the grantor's rights or interest in real estate, without any agreement or covenant as to the nature or extent of that interest, or any other covenants is known as what...?
Quitclaim Deed
This type of deed is usually used to remove a cloud from the title...?
Quitclaim Deed
This type of deed is used to convey real property sold pursuant to a judicial order in an action for the foreclosure of a mortgage or for partition?
Referee's Deed
What type of deed is typically delivered by a 3rd party...?
Referee's Deed
John is looking to purchase a property but first wants to verify the size of the lot. What document should John request from the owner that shows the exact size of the lot and house...?
Survey
In New York State, what is required to be recorded along with the deed...?
Transfer Tax Return
Abby is gifting her property to her family at the end of the year. Abby will be performing what type of transfer...?
Voluntary Alienation
The transfer of title during a typical 'arm's length' transaction is an example of what...?
Voluntary Alienation
