REVIEW!!

Which statement is TRUE regarding property description?

The use of the street address with a reference to a recorded plat description is a very acceptable legal description used in listing a residential property located in a subdivision

Which statement is TRUE regarding surveys?

Title insurance excludes many title defects from coverage if no property survey was completed

nder the North Carolina Connor Act, all of the following documents must be recorded to be valid against third parties EXCEPT

a lease for three years in duration

Which of the following would be used to clear a defect from the title records?

a suit to quiet title

An owner of a fee simple estate sells the property with the condition that he will continue to won the entire property until his death. The seller has a

conventional life estate

A decedent left a will giving a neighbor the right to use a well on the decedent's land as long as the neighbor was alive. The neighbor's interest in the property is properly called a(n)

easement in gross

A homeowner tells her neighbor that he can park his camper n the corner of her backyard. No rent is charged for the use of her yard . This is an example of an

easement in gross

All of the following may be discovered by a title search EXCEPT

encroachments

A woman wishes to donate a vacant lot that she owns in fee simple absolute to a hospital that is located next to her lot . An attorney prepares a deed that conveys the ownership of the lot to the hospital, as long as it is used for medical purposes. After the completion of the gift, the hospital will hold a

fee simple determinable estate

Which of the following has an indefinite ownership period?

freehold estate

A property owner conveys the ownership of his apartment building to a nursing home, anticipating that the rental income will help pay for his father's care at the home. When his father dies, the original owner will recapture the ownership of the apartment building. This is an example of a

life estate pur autre vie

The system of legal description that defines a parcel of land by its perimeter is the

metes and bounds

A trespasser built a log cabin in a remote area of a national park and occupied the structure for more than 25 years. That person will never be able to claim the property under adverse possession statuses because the

property was not privately owned

The best assurance of good title that a real estate purchaser can obtain is a

title insurance policy

Which of the following offers the most assurance of marketable title to a grantee?

title insurance policy

Grantee is to a deed as devisee is to a

will

The ad valorem property tax rates may be adjusted every

year