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Real Estate

Chapter 8 Quiz

admin 2019.03.04 21:29 Views : 299

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.
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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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