RealEstateU Chapter 6 Quiz

A formal declaration made before an authorized person (ex: a notary public) by a person who has executed an instrument stating that the execution was his or her free act is known as...? A. Acknowledgement B. Recordation C. Deed D. Injunction

A. Acknowledgement

Warranties in a warranty deed are...? A. Express B. Implied C. Voluntary D. None of the Above

A. Express

These types of liens always take priority over other liens...? A. Government Liens B. Private Liens C. Judgment Liens D. Mechanic's Liens

A. Government Liens

The use of a warranty deed has been largely supplanted by this deed in California...? A. Grant Deed B. Quitclaim Deed C. Voluntary Deed D. None of the Above

A. Grant Deed

A deed to relinquish any interest in property which the grantor may have, without interference of possession is known as a...? A. Quitclaim Deed B. Warranty Deed C. Grant Deed D. Implied Deed.

A. Quitclaim Deed

A grant deed includes two warranties, first that the grantor has not previously conveyed title to another grantee, and second, the property is not burdened by encumbrances at the conveyance of title...? A. T (True) B. F (False)

A. T (True)

How long is the redemption period if the loan amount is satisfied at a foreclosure auction...? A. 1 month B. 3 months C. 9 months D. 1 year

B. 3 months

This is a written instrument which when properly executed and delivered conveys title to real property from one person (grantor) to another (grantee)...? A. Mortgage B. Deed C. Lien D. Easement

B. Deed

A/an .......... is terminated when the easement is no longer a necessity for ingress and egress from the landlocked property? A. Easement by Prescription B. Easement by Necessity C. Quitclaim Deed D. Grant Deed

B. Easement by Necessity

A quitclaim deed includes warranties and representations...? A. T (True) B. F (False)

B. F (False)

A deed used to convey real property which contains warranties of title and quiet possession, and the grantor thus agrees to defend the premises against the unlawful claims of third persons is known as a...? A. Quitclaim Deed B. Warranty Deed C. Grant Deed D. Voluntary Deed

B. Warranty Deed

A swimming pool built across a property line is an example of a/an...? A. Adverse Possession B.Encroachment C. Intrusion D. Easement

B.Encroachment

An easement by prescription is terminated by non-use for a period of at least...? A. 1 year B. 3 years C. 5 years D. 7 years

C. 5 years

The transferring of property to another is also referred to as...? A. Deed B. Sale C. Alienation D. Trusted

C. Alienation

An unlawful intrusion onto another's adjacent property by improvements to real property is known as a...? A. Easement B. Adverse Possession C. Encroachment D. Injunction

C. Encroachment

Adverse possession results in the...? A. Transfer of title BInterest of real property CRight of use DNone of the above

A. Transfer of title

Which of the following is an example of a deed...? A. Warranty Deed B. Quitclaim Deed C. Grant Deed D. All of the Above

D. All of the Above

The statutory period for adverse possession in California is .......... and the payment of property taxes? A. 3 years B. 5 years C. 7 years D. 10 years

B. 5 years

This is a judgment given by a court when the value of security pledged for a loan is insufficient to pay off the debt of the defaulting borrower...? A. Deficiency Judgment B. Government Judgement C. Involuntary Judgement D. Court Judgement

A. Deficiency Judgment

An easement by prescription results in the...? A. Transfer of title B. Ownership of the property C. Right of use D. None of the above

B. Ownership of the property

The sale of property from a willing seller to a qualified buyer is an example of...? A. Adverse Possession B. Voluntary Alienation C. Involuntary Alienation D. Voluntary Easement

B. Voluntary Alienation

This is the most widely used deed in California...? A. Warranty Deed B. Quitclaim Deed C. Grant Deed D. Voluntary Deed

C. Grant Deed

A valid deed requires which of the following...? A. Signature of the grantor B. In-writing C. Competent grantor D. All of the Above

D. All of the Above

A quitclaim deed can be used in which of the following...? A. A joint tenant conveying their interest to another joint tenant B. Dominant tenement relinquishing their interest in an easement C. The release of a condition D. Any of the above

D. Any of the above

The sale of property due to foreclosure is an example of...? A. Voluntary Easement B. Adverse Possession C. Voluntary Alienation D. Involuntary Alienation

D. Involuntary Alienation

Alienation of a property can be voluntary or involuntary...? A. T (True) B. F (False)

A. T (True)

This property type is exempt from a deficiency judgment...? A. Owner occupied multi-family B. Commercial C. Owner occupied, 1-4 family D. Mixed-use

C. Owner occupied, 1-4 family

The wrongful entry on to the land on another, either in person or by instrumentality, is referred to as...? A. Trespass B. Adverse Possession C. Easement D. Encroachment

A. Trespass

An easement by voluntary grant can be terminated by the signing of a...? A. Latches B. Injunction C. Merger D. Quitclaim Deed

D. Quitclaim Deed

The quitclaim deed is signed by the dominant tenement owner in favor of the...? A. Lessee B. Mortgagor C. Grantee D. Servient Tenement

D. Servient Tenement