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10 Cards in this Set
- Front
- Back
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Five basic requirements for a valid deed in most states
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1)The names of the grantor and grantee
2)Legal description of the property 3) the words of conveyance 4)statement of consideration 5)the deed must be signed by the grantor |
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The general term to describe a voluntary transfer of property between private entities is:
A. private grant B. public grant C. private trade D. public trade |
A.
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The common law public registration systems used to maintain all legal instruments affecting title to real estate include all of the following, except:
A. grantor-grantee books B. plat and plan books C. tangible and intangible property books. D. secured personal property books. |
C.Tangible and intangible property books are not part of the public registration system.
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Evidence of good title can be evidenced by:
A. Torrens certificate B. registration at the local country courthouse C. contract D. letter of registration |
A. Evidence of good title can be evidenced by an abstract and an attorney's opinion, title insurance, and a Torrens certificate.
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The require elements of a valid deed generally include all of the following, except:
A. description of the property B. the signature of the grantor C. the signature of the grantee D. statement of consideration |
C.The grantee usually is not required to sign the deed
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From the buyers' perspective, the type deed offering the most desirable features is the:
A. sheriff's deed B. all claims deed C. quitclaim deed D. general warranty deed |
D. From the buyers' perspective, the general warranty deed has the most desirable features. In issuing the general warranty deed, the sellers make several guarantees to the buyer regarding the quality of the title.
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An instrument used to transfers the rights that specific party has in the property, not rights in the property itself is the:
A. special warrant deed B. all claims deed C. quitclaim deed D. executor's deed |
C.
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When a boundary of water recedes leaving dry land, ownership rights transfer through what is termed:
A. accretion B. reliction C. recession D. riparian |
B. The correct answer is reliction. Accretion is where ownership rights to land occur through the depositing of sentiments.
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The oldest method used to describe real estate is the:
A. metes and bounds method B. government rectangular survey method C. street address method D. recorded plat method |
A.
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The southeast most section of a township is numbered:
A. 1 B. 6 C. 30 D. 36 |
D.
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