Source Of Title

Front 1

Under Florida's Power of Attorney Act, an agent may only exercise powers ___ in the POA and any other authority reasonably necessary to give effect to the same.

Back 1

Specifically granted to the agent

Front 2

Under Florida's Power of Attorney Act, certain powers may be exercised by an agent only if the principal:

Back 2

Signs or initials next to each specific enumerated power

Front 3

All of the following are recognized by statute as being authorized to sign a deed on behalf of a corporation:

Back 3

CEO, President, Vice President

Front 4

Who, by statute, is authorized to sign a deed on behalf of a limited partnership?

Back 4

General Partner

Front 5

Which of the following is NOT a covenant under the Warranty Deed?

-Seizen

-Against Encumbrances

-Right to Convey

-Right to Encumber

Back 5

Right to Encumber

Front 6

Which of the following is NOT a covenant under the Warranty Deed?

-Quiet Enjoyment

-Adverse Possession

-General Warranty

-Further Assurances

Back 6

Adverse Possession

Front 7

What type of deed extends grantor liability to include liability for the actions of the grantor's predecessors in the title?

Back 7

General Warranty

Front 8

What type of deed specifically limits the liability of the grantor to the grantor's period of ownership, by cutting off liability for actions of predecessors in title?

Back 8

Special Warranty

Front 9

Verification of corporate status should include all of the following except:

-Good Standing

-Not dissolved

-Not disbarred

-In existence

Back 9

Not disbarred

Front 10

Verification of corporate status should be through:

Back 10

Secretary of State

Front 11

For a limited partnership to be formed, a certificate of limited partnership must be filled with the:

Back 11

Department of State OR Secretary of State

Front 12

Each __ is an agent of the limited partnership for purposes of it's activities.

Back 12

General Partner

Front 13

When insuring title involving partnership property where a copy of the Partnership Agreement will NOT be made available for review, a ___ executed by a general partner should be obtained.

Back 13

Partner Affidavit

Front 14

A partnership in dissolution may:

Back 14

Wind down business affairs

Front 15

F.S. 689.07 stipulates that a deed or conveyance in which the words trustee or as trustee are added to the name of the grantee, with no identifiable trust and no names beneficiaries:

Back 15

Vests fee simple title in the grantee, individually

Front 16

The estate, including real property owned at time of death, of a person who dies ___ passes in accordance with the will, by laws of devise and distribution.

Back 16

Testate

Front 17

The property of a person who dies ___ without leaving a will passes by laws of descent and distribution to descendants or ascendants.

Back 17

Intestate

Front 18

The property of a person who dies without leaving a will and with no descendants or ascendants:

Back 18

Escheats to the state

Front 19

A/An ____ to the will must be executed with the same formalities as a will.

Back 19

Codicil

Front 20

A will or codicil may be __ at the time of its execution or at any subsequent date by the acknowledgement of it by the testator and the affidavits of the witnesses, made before an officer authorized to administer oaths and evidenced by the officer's certificate attached to or following the will.

Back 20

Self-proved

Front 21

The revocation of a codicil to a will does not:

Back 21

Revoke the will

Front 22

Revocation of a will:

Back 22

Revokes all codicils to the will

Front 23

As provided by the florida constitution, the descendant's homestead property is __ if the owner is survived by a spouse or minor child or minor children, except that the homestead may be devised to the owner's spouse if there is no minor child or minor children.

Back 23

Not subject to devise

Front 24

Where the descendant is married at time of death, title to real property held as tenants by the entirety will automatically vest in the:

Back 24

Surviving Spouse

Front 25

The following would not be deemed natural guardian to the minor children:

Back 25

The father of a child born out of wedlock

Front 26

Natural guardians may collect, receive, manage, and dispose of any real or personal property distributed from an estate or trust on behalf of any of their minor children- without appointment, authority, or bond- provided the amounts received in the aggregate do not exceed:

Back 26

$15,000

Front 27

A guardian must __ for authorization to perform, or confirmation of, any acts, such as selling the ward's property.

Back 27

Petition the court

Front 28

Which is not part of the foreclosure process?

-Final Judgement

-Certificate of Title

-Certification of Sale

-Automatic Stay

Back 28

Automatic Stay

Front 29

If no objections to the sale of foreclosed property are filed within __ days after filing the certificate of sale, the clerk files a certificate of title and serves a copy of it on each party.

Back 29

10 days

Front 30

When the __ is filed the sale stands confirmed and title to the property passes to the purchaser named in the certificate without necessity of any further proceedings or instruments.

Back 30

Certificate of Title

Front 31

When may a loan policy be converted to an owner's policy?

Back 31

It may NOT be converted

Front 32

For possession of real property to be adverse it must be hostile, open, continuous, exclusive, actual, and notorious for the statutory period of time which in Florida is __ years.

Back 32

Seven

Front 33

A perfected lien, not a dischargeable debt, properly filed in bankruptcy proceedings:

Back 33

Remains a lien on all property owned or thereafter acquired by the debtor

Front 34

When the holder of a tax deed goes into actual possession of the real property described in the tax deed, no action to recover possession of the property shall be maintained by a former owner or other adverse claimant unless action commenced is begun within ____ years after the tax deed holder takes actual possession.

Back 34

4 years

Front 35

The lien of a mortgage stipulating a final maturity date is deemed to be terminated after ___ years from such fate, even if no satisfaction or release has been recorded.

Back 35

5 years

Front 36

A road constructed by the government- county, municipality, of Department of Transportation- that has been maintained or repaired by the government continuously and uninterruptedly for ___ years is deemed dedicated to the public.

Back 36

4 years

Front 37

A road constructed by a non-government entity that has been maintained or repaired by the government continuously and uninterruptedly for ___ years is deemed dedicated to the public.

Back 37

7 years

Front 38

What type of deed makes no statement as to the grantor's ownership interest and contains no warranties?

Back 38

Quitclaim Deed

Front 39

The Florida Constitution provides for a homestead right of exemption from:

Back 39

Forced Sale by Creditors

Front 40

What differs between setting aside property within and outside of a municipality?

Back 40

Amount of land that may be set aside

Front 41

What total number of acres of contiguous land and improvements may be set aside as a debtor's homestead outside of a municipality?

Back 41

160 acres

Front 42

Inside a municipality, how much contiguous land may be set aside?

Back 42

One-half acre

Front 43

With respect to the sale or mortgage of a homestead property by a married person:

Back 43

The owner may not sell or mortgage without joinder of spouse