Real Estate Principles Chapter 6
How long is the redemption period if the loan amount is satisfied at a foreclosure auction
3 months
The statutory period for adverse possession in California is ... and the payment of property taxes
5 years
A deed to relinquish any interest in property which the grantor may have, without interference of possession is known as
Quitclaim Deed
A/an ... is terminated when the easement is no longer a necessity for ingress and egress from the landlocked property?
Easement by Necessity
The quitclaim deed is signed by the dominant tenement owner in favor of the
Servient tenement
A valid deed requires which of the following
Signature of the grantor In writing Competent grantor
An easement by prescription is terminated by non-use for a period of at least
5 years
The transferring of property to another is also referred to as
Alienation
The sale of property due to foreclosure is an example of
Involuntary alienation
An easement by voluntary grant can be terminated by the signing of a
Quitclaim deed
A quitclaim deed can be used in which of the following
a joint tenant conveying their interest to another joint tenant dominant tenement relinquishing their interest in an easement the release of a condition
A swimming pool built across a property line is an example of a/an
encroachment
An unlawful intrusion onto another's adjacent property by improvements to real property is known as a
encroachment
Warranties in a warranty deed are
express
A quitclaim deed includes warranties and representations
false
These types of liens always take priority over other liens
government liens
Adverse possession results in the
transfer of title
A grant deed included two warranties. first that the grantor has not preciously conveyed title to another grantee, and second, the property is not burdened by encumbered,brances at the conveyance of title
true
Alienation of a property can be voluntary or involuntary
true
This is a written instrument which when properly executed and delivered conveys title to real property from one person (grantor) to another (grantee)?
Deed
This is a judgement given by a court when the value of security pledged for a loan is insufficient to pay off the debt of the defaulting borrower
Deficiency judgement
The use of a warranty deed has been largely supplanted by this deed in California
Grant deed
The wrongful entry on to the land on another, either in person or by instrumentality, is referred to as
Trespass
The sale of property from a willing seller to a qualified buyer is an example of
Voluntary alienation
Which of the following is an example of a deed
Warranty Deed Quitclaim Deed Grant Deed
A deed used to convey real property which contains warranties of title and quite possession, and the grantor thus agrees to defend the premises against the unlawful claims of third persons is known as
Warranty deed
A formal declaration made before an authorized person (ex: a notary public) by a person who had executed an instrument stating that the execution was his or her free act is know as
Acknowledgement
This is the most widely used deed in California
Grant deed
This property type is exempt from a deficiency judgement
Owner occupied, 1-4 family
An easement by prescription results in the
right of use
