Real Estate Dynamics CH 4 Quizzes - TRANSFER

D

If a person acquires title to real property by descent, he more than likely received it through a: A Holographic will B. Formal or witnessed will C. Nuncupative will D. Court action

B

If a person dies intestate leaving real property as part of his/her estate, the decedent's heirs will acquire title according to: * A. a formal will. B. the laws of descent and distribution. C. escheat. D. an administrator.

A

For a purchaser of real estate the greatest protection is provided by which of the following types of deeds? A. General warranty deed B. Special warranty deed C. Bargain and Sale deed D. Quitclaim deed

C

Title to real property is conveyed by deed when: * A. signed by the grantor. B. recorded by the grantee. C. delivered and accepted. D. signed by the grantee.

A

A break or gap in the chain of title results if: * A. a previous grantee failed to record the deed. B. there is an existing cloud on the title. C. a title search reveals a defective legal description in a deed recorded in he public records. D. the title is encumbered.

C

A co-owner of real property may sue other co-owners for severance of their respective interests. Such an action .is termed a(n): A. Reliction action B. Ambulatory action C. Partition action D. Codicil action

D

A deed conveys title at the time of: A. Signing B. Recording C. Acknowledgement D. Delivery and acceptance

A

A deed is acknowledged by: A. The grantor B. A notary public only C. The grantee D. Any authorized public officer

C

Murphy owns a sixty-five acre tract of land bordering the Flint River. As a result of a gradual accumulation of soil along the river bank, Murphy acquired an additional ten feet of property. Title to the additional land was acquired through the process of: * A. dereliction. B. avulsion. C. accession. D. erosion.

C

Of the following, which is NOT a requirement for obtaining title to real property by adverse possession. A. Occupation of the property in a manner that is hostile to the rightful owner. : B· Occupation that is exclusive. C. A contract in writing showing some interest in the property or some "color of title". D. Continuous occupancy of the property for the required statutory period.

B

Priority of interest in real estate is usually determined by: * A. date of the document. B. date of recordation. C. actual knowledge. D. reference to Statute of Frauds.

B

Scott sells his home to Zachary who immediately takes possession but does not record the deed. Three days later Scott sells to Martin who records his deed. The rightful owner is: * A. Scott. B. Zachary. C. Martin. D. Zachary and Martin, each having an undivided one-half interest.

B

Under adverse possession, property is acquired in a similar manner to an easement being acquired by which of the following: A Easement by necessity B. Easement by prescription C. Easement by implication D. Easement by agreement

D

When a Corporate officer signs a deed it should also have a: * A. stamp. B. sticker. C. sign. D. seal.

D

When performing a title examination, the attorney locates the book and page number where a particular deed is recorded by looking in an alphabetical listing. The subject property is located in a county that uses an index system of recording called: * A. torrens index. B. tract index. C. alpha index. D. grantor-grantee index.

A

With respect to a decedent's property, the probate court has the responsibility of: * A. establishing rightful heirs. B. passing on the validity of a patent. C. appointing an executor. D. finding the testator.

C

A deed made and delivered but not recorded is: A. Invalid between the grantor and grantee. B. Valid between the grantor and grantee and has priority. C. Valid between the grantor and grantee, but not valid against recorded claims of a subsequent purchaser who records his deed without having actual or constructive notice of any unrecorded interests. D. Invalid between the grantor and grantee but valid as to third parties with constructive notice .

C

A person dies without leaving a will. He or she is said to have died: A. Testate B. Inchoate C. Intestate D. Escheat

A

A reservation in a deed may be used to create: * A. an easement. B. quiet title action. C. a reversion estate. D. a 15 foot piece of land reserved by the grantor.

D

A tenant adds a room to your house. At the end of the lease term, you would acquire title to the new room by: A. Succession B. Adverse possession C. Accretion D. Accession

A

A title defect might be removed by: * A. an action to quiet title. B. title insurance. C. a certificate of title. D. a partition action.

C

A valid deed must contain: I. Signature of the grantor II. Signature of the grantee Ill. Granting clause IV. An acknowledgement A. I and II only B. Ill and N only C. I and Ill only D. II and IV only

B

Actual notice results from which of the following? * A. Existence of power lines. B. Knowledge learned by inspecting the public records. C. A stranger's possession under an unrecorded deed. D. An unrecorded deed.

C

Jones dies leaving no will. He leaves real property valued at $75,000 and has no heirs. His estate would: A. Be held in trust pending appearance of heirs. B. Be distributed according to laws of succession. C. Escheat to the state government. D. Revert to the United States government

C

Murphy owns a 65 acre tract of land bordering the Flint River. As a result of a gradual accumulation of the soil along the river bank, Murphy acquired an additional 10 feet of property. Title to the additional land was acquired through the process of: A. Dereliction B. Avulsion C. Accession D. Erosion

B

All of the following forms of deeds contain some covenants or warranties expressed or implied except: A. General warranty deed B. Quitclaim deed C. Special warranty deed D. Grant deed

A

An amendment or a modification to a will can be affected by: * A. a codicil. B. executing a new deed. C. initialing and and witnessing the desired changes. C. making a patent.

A

Carmela bought an owner's policy of title insurance for her new home at a closing that took place in June of 2000. A year later a title dispute arose that concerned a claim that the grantor's signature on a deed signed in 1991, was a forgery. Does Carmela's policy cover her? * A. Yes, because this type of problem is not an exception to a typical owner's policy. B. Yes, as long as Carmela has paid her annual title insurance premiums. C. No, because the title problem could not be discovered by searching recorded documents. D. No, because the problem occured long before the policy was written.

A

If a grantor conveys title to a farm but retains a one acre tract in the northwest corner, the deed would contain: * A. an exception. B. an easement. C. a reservation. D. None of the answers are correct.

A

Smith buys land from Jones. Two months after delivery of the deed they decide to-rescind the sale. Which of the following is required to place them in the same legal position they held before the sale? I. Endorsement of the deed by Smith to Jones. II. Delivery of a new deed from Smith as grantor to Jones as grantee. Ill. Recorded acknowledgement of rescission. A. II only B. I and Ill only C. I only D. I, II and Ill

D

Smith properly executed a power of attorney authorizing Jones to sign a deed for him pursuant to the closing of a sales contract. Unknown to Jones or to the purchaser at the time, Smith died the night before Jones signed the deed. Under these circumstances. I. The conveyance is probably valid. II. The conveyance is not valid. Ill. A power-of-attorney is effective only during the lifetime of the person granting such authority. A. I only B. I and Ill only C. II only D. II and Ill only

D

The acquisition of title to land created through the natural forces of accretion is called. A. Alluvion B. Attachment C. Avulsion D. Accession

D

The claim of a person trying to prove the title by adverse possession might be strengthened by: * A. tacking. B. paying the property taxes. C. color of title. D. All of the answers are correct.

B

The covenant in which a grantor promises that the owner owns the property and has the right to convey title to it is the: * A. covenant of warranty forever. B. covenant of seizin. C. covenant of quiet enjoyment. D. covenant of further assurances.

B

The main purpose of a deed is to:· A. Evidence the terms of a real estate transaction. B. Evidence the change in title or transfer of an interest in real property. C. Identify the parties to a real property transfer. D. Provide a written instrument suitable for recording.

C

The purpose of an acknowledgement is to: * A. prevent recordable document from being signed voluntarily. B. assure the grantee of a valid document. C. prevent forgery of recordable documents. D. to keep the grantee from using a ficticious name.

C

The sudden transfer of land by the action of water is: A. Reliction B. Erosion C. Avulsion D. Attachment

B

Which of the following is not required for a valid and enforceable conveyance of title by deed? * A. A written document. B. Habendum clause. C. Legal capacity of grantor. D. Granting clause.

D

Which of the following statements is (are) true concerning the signature of the grantor(s) on a deed? I. It is acknowledged by the grantor. II. If the grantor's signature is not acknowledged, the deed, while valid, may not be recorded. III. If title is vested in two or more persons, each person must sign the deed. A I only B. I and II only C. II and Ill only D. I, II and Ill

C

Which of the following statements is INCORRECT? * A. A deed conveys a present interest in real estate. B. A will conveys no interest in real estate until after the death of testator. C. A deed conveys a future interest in real estate if so specified by he grantee. D. A will conveys no interest in real estate until it is probated.