RE Final part 3

What the heck is an "habendum clause" in a deed? A) A clause that describes any limitations on the estate being granted. B) The clause that provides a legal description of the property. C) There is no such thing as an "habendum clause". D) It is simply another phrase for the granting clause.

A) A clause that describes any limitations on the estate being granted.

Which of the following is NOT required for a valid deed? A) Grantee's signature B) Grantor's signature C) Legal description of the property D) A granting clause

A) Grantee's signature

In order for a deed to be valid, the A) grantor must be legally competent. B) signature of the grantor must be witnessed. C) deed must be recorded. D) grantee must sign the deed.

A) grantor must be legally competent.

A deed must be signed by the A) grantor. B) grantee. C) grantor and grantee. D) grantee and two witnesses.

A) grantor.

What type of deed is most commonly used in Nevada? A) Warranty deed B) Grant, bargain, and sale deed C) General warranty deed D) Special warranty deed

B) Grant, bargain, and sale deed

What will happen to real estate when its deceased owner did not write a will and has no heirs? A) The ownership will pass by devise. B) The ownership will escheat. C) The courts will seize the ownership. D) The ownership will revert to the previous owner.

B) The ownership will escheat.

A woman bought acreage in a distant county, never went to see it, and did not use it, although she regularly paid the real estate taxes on it. Without her knowledge, a man moved his mobile home onto the property, drilled a well for water, and lived there for many years. The man might have become the owner of the acreage if he has complied with state laws regarding A) intestate succession. B) adverse possession. C) the statute of frauds. D) the statute of limitations.

B) adverse possession.

The reversion of real estate to the state because of the lack of heirs or other people legally entitled to own the property is called A) eminent domain. B) escheat. C) attachment. D) estoppel

B) escheat.

If a deed includes a covenant of quiet enjoyment, the grantor A) promises that the owners of neighboring property will not interfere with the grantee's peaceful enjoyment of the property B) guarantees that if title for some reason fails in the future that the grantor will pay any damages caused by the failed title C) guarantees that the property does not have any encumbrances except for those stated in the deed. D) guarantees that she is the owner of the subject property and has the right to convey it

B) guarantees that if title for some reason fails in the future that the grantor will pay any damages caused by the failed title

The primary purpose of a deed is to A) prove ownership. B) transfer title rights. C) give constructive notice. D) prevent adverse possession.

B) transfer title rights.

Grantee is to a deed as devisee is to a A) trust. B) will. C) estate. D) leasehold.

B) will.

Which of the following is an involuntary alienation of property? A) Quitclaim B) Inheritance C) Condemnation D) Gift

C) Condemnation

Which of the following is a warranty by the grantor that he or she will obtain and deliver to the grantee any documents necessary to make the title good? A) Covenant of seisin B) Covenant of quite enjoyment C) Covenant of further assurances D) Covenant of quiet enjoyment

C) Covenant of further assurances

A man owns a one-quarter undivided interest in a parcel of land, and he wants his interest transferred to his sister. As a general rule, which of the following actions will transfer the man's undivided interest out of his name? A) Redemption from foreclosure sale B) Making and signing a will C) Delivery and acceptance of a deed D) Signed acceptance of offer to purchase

C) Delivery and acceptance of a deed

The legal term that is used to describe the situation where someone dies without a will is known as: A) Dieing without a will B) Dieing testate C) Dieing intestate D) Dieing without succession.

C) Dieing intestate

Which of the following deeds provides the most protection to the BUYER? A) Quitclaim deed B) Special Warranty deed C) General Warranty deed D) Bargain and sale deed

C) General Warranty deed

Which of the following is an example of involuntary alienation? A) Selling a property to pay off debts B) Giving a piece of land to the zoo C) Having a piece of land sold for delinquent taxes D) Letting another person plant crops on an unused portion of a piece of land

C) Having a piece of land sold for delinquent taxes

Maria died intestate and with no heirs and no property held with a right of survivorship. What will happen to her property? A) It will pass to whomever is named in her will B) It will pass to her nearest relatives C) It will escheat to the state D) It will be held in trust for future heirs

C) It will escheat to the state

Real estate that is inherited from a person who died testate is referred to as a A) legacy. B) bequest. C) devise. D) demise.

C) devise.

Which of the following is a voluntary alienation of the property? A) Adverse possession B) Condemnation C) Foreclosure D) Owner selling the property

D) Owner selling the property

Which of the following deeds does not include any warranties? A) Bargain and sale deed B) Grant, bargain and sale deed C) Special warranty deed D) Quitclaim deed

D) Quitclaim deed

Which statement is TRUE regarding a special warranty deed? A) The grantor is making additional warranties beyond those given in a warranty deed. B) The grantor retains an interest in the ownership. C) The grantor is warranting that no encumbrances exist against the property. D) The grantor's warranties are limited to the time the grantor owned the property.

D) The grantor's warranties are limited to the time the grantor owned the property.

The seller conveyed a quitclaim deed to the buyer. Upon receipt of the deed, the buyer may be certain that A) the seller owned the property. B) there are no encumbrances against the property. C) the buyer now owns the property subject to certain claims of the seller. D) all of the seller's interests in the property belong to the buyer.

D) all of the seller's interests in the property belong to the buyer.

A valid will devises a decedent's real estate after payment of all debts, claims, inheritance taxes, and expenses through the A) administrator of the estate. B) law of testate succession. C) granting clause established in the will. D) court action known as probate.

D) court action known as probate.

All of the following are required for a deed to be valid EXCEPT the A) date. B) legal description. C) name of the grantee. D) signature of the grantee.

D) signature of the grantee.