Chapter 9: Title Deeds Quiz

A beneficial interest in real estate which implies that at a future date an individual will receive legal title is known as abstract of title. color of title. constructive notice. equitable title.

Equitable title

All of the following are possible deed restrictions in a subdivision. Which would be the most difficult for the developer to enforce? Each owner must make $500 worth of improvements per lot, per year. Each lot must be limited to 73 by 175-feet. The height of any single building or improvement may not exceed 25 feet. All homes will contain a minimum of 1,500 square feet of living space.

Each owner must make $500 worth of improvements per lot, per year.

Which three types of Special Purpose deeds may be used to convey property when the property owner is unable to sign the deed? General Warranty, Special Warranty, or Personal Representative Personal Representative, Guardian's, or Committee's Quitclaim, General Warranty, or Special Warranty Bargain of Sale, Special Warranty, or Personal Representative

Personal Representative, Guardian's, or Committee's

Mr. Denton died intestate, and there are no known heirs. The probate court appointed an individual to settle Mr. Denton's affairs. When this individual sold Mr. Denton's home, what type of deed was used to formalize and record the transfer of title? Quitclaim deed Personal representative's deed Guardian's deed Committee's deed

Personal representative's deed

When a person owns property or holds vested ownership rights in a property, that person has adverse possession. escheat possession. insurance. title.

Title

An electric utility company has a right to maintain their poles, lines and other equipment along the rear of a property. This right is called an easement appurtenant. easement in gross. easement by necessity. easement by prescription.

easement in gross.

The earnest money binder deposit in a florida real estate contact is not required to make the contract valid. required to make the contract valid. not required until after the contract has been performed and is closed. required within 10 days on the date of the contract.

not required to make the contract valid.

Of the liens listed below, which is the superior lien that takes priority over the others? mechanic's lien dated September 6, 2018. judgment lien dated July 10, 2020. vendor's lien dated November 6, 2019. property tax lien dated January 1, 2020.

property tax lien dated January 1, 2020.

A seller's marketable title to real property may best be provided by an updated abstract or having evidence of title insurance. title insurance and a first mortgage release. an abstract and a current tax certificate. a statement declaring the non-existence of liens.

title insurance and a first mortgage release.

Jean-Paul and Michelle are in the process of purchasing their first home. When will the actual transfer of title be made? when the deed is recorded at the closing when the contract is signed by the seller when the deed is signed and delivered by the grantor

when the deed is recorded