Real Estate Principles Chapter 6

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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


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