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부동산

Chapter 8 Quiz

2019.03.04 20:29 Views : 116

1 of 10 - Chandra is selling her condo to Fabian. Chandra's deed explains the property has been clear since her ownership. However, she cannot guarantee that is the case prior to buying the condo. Which deed covers this situation?
Bargain and Sale
 
Special Warranty
General Warranty
Tax
You answered correctly
2 of 10 - The signature of a notary public is known as:
 
Attestation
Acknowledgment
Alienation
 
Testimonium
You answered incorrectly
If a deed is to be recorded, it must be notarized with the signature of the notary called the Attestation.
3 of 10 - Jeffrey is selling his loft to Caroline. He is using a General Warranty Deed in the transfer of property. Which of the following covenants is not a requirement?
Covenant of Seisin
Covenant Against Encumbrances
 
Covenant of Exceptions and Reservations
 
Covenant of Further Assurance
You answered incorrectly
A general warrant deed contains five covenants to include Covenant of Seisin, Covenant of Quiet Enjoyment, Covenant Against Encumbrances, Covenant of Further Assurance, and Covenant of a Warranty Forever. There is no Covenant of Exceptions and Reservations included.
4 of 10 - Shamus McManus purchased property from Sir Ian Wainwright under early English common law. Which of the following were acceptable methods of property transfer?
The transfer of a rock, some dirt, or a branch of a tree (feoffment).
Livery of Seisin, the actual delivery of possession of the property.
A statement made in front of witnesses in sight of the land, and the new owner's entry onto that land.
 
All of the above.
You answered correctly
5 of 10 - Which of the following is not considered a basic real estate deed?‎
General Warranty deed
Bargain and Sale deed
Special Warranty deed
 
Sheriff's deed
You answered correctly
6 of 10 - Which of the following statements in reference to a deed is untrue?
The deed transfers ownership only one time.
In a deed, alienation is another term for transfer or convey.
 
A deed must be recorded in order to be valid.
 
The primary variation in the different types of deeds are the promises made by the grantor.
You answered incorrectly
Recording a deed is not required to make it valid, but recording the deed does protect the ownership interests of the buyer.
7 of 10 - Maya, who lives in California, just purchased her first home at a Trustee’s foreclosure sale. She was given a deed at the sale. What type of deed was she given?
Tax Deed
Grant Deed
Sheriff's Deed
 
Trustee's Deed
You answered correctly
8 of 10 - Chandra and Fabian have heard that it is unnecessary to record a deed. Is this accurate?
No, it is necessary and required to record a deed. The deed will not be valid unless it is signed, recorded, and notarized by a notary public.
Yes, it is not necessary for a deed to be recorded. It is still valid and presumed to have been delivered without such recording.
 
Yes, it is not necessary for a deed to be recorded. However, recording is advisable to protect the ownership interests of the grantee, establish priority, provide a record, and convey the transfer of title.
No, it is necessary and required to record a deed. If it is not recorded, the first to record the deed is considered the first in right to the property.
You answered correctly
9 of 10 - Melinda is selling her home to Trevion. The deed, conveying the property, will be a general warranty deed. Who is the Grantor? Who is the Grantee in the transaction?
Trevion is the Grantor. Melinda is the Grantee.
 
Melinda is the Grantor. Trevion is the Grantee.
Melinda is the Grantor. The home is the Grantee.
Trevion is the Grantee. The home is the Grantor.
You answered correctly
10 of 10 - Which of the following deeds are not really deeds at all?
Trustee's Deed
Land Patent
 
Trust Deed
Both A and B
You answered correctly

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Notice 부동산 용어사전 2019.04.15 2084
Notice 부동산 용어 (A to Z) 2019.03.03 1336
111 Hudson Yards file 2019.03.16 62
110 TEST 17 2019.03.10 211
109 Chapter 17 Conclusion 2019.03.10 113
108 TEST 16 2019.03.10 147
107 TEST 15 2019.03.07 101
106 Chapter 15 Conclusion 2019.03.07 423
105 TEST 14 2019.03.07 91
104 Chapter 14 Conclusion 2019.03.07 103
103 TEST 13 2019.03.07 128
102 Chapter 13 Conclusion 2019.03.07 89
101 TEST 12 2019.03.06 330
100 TEST 11 2019.03.06 133
99 CHAPTER 11 2019.03.06 104
98 TEST 10 2019.03.05 206
97 Chapter 10 2019.03.05 224
96 SUMMARY 9 2019.03.05 54
95 TEST 9 2019.03.05 147
» Chapter 8 Quiz 2019.03.04 116
93 Chapter 8 Conclusion 2019.03.04 246
92 DEED 2019.03.04 72
91 warranty deed 여섯 가지의 covenant 2019.03.04 65
90 Exam Essentials 2019.03.01 139
89 Chapter 3 TEST 2019.03.02 277
88 Chapter 3 TEST (2nd) 2019.03.02 185
87 Chapter 4 - TEST 2019.03.02 142
86 Exemptions from License Requirements 2019.02.28 65
85 Managers and Employees Exempt From Licensing Law 2019.02.28 72
84 Acting Without a License 2019.02.28 119
83 Mortgage demand falls to lowest level in 22 years 2022.06.11 139
82 TEST 4 - Correction 2019.03.02 143
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