1.
Which of the following best describes the concept of “legal title “to real estate?
A
Ownership of the bundle of rights to real estate
B
Possession of a deed
C
Absolute proof of ownership of real estate
2.
Constructive notice of ownership of a parcel of real estate is primarily demonstrated through
A
Title insurance
B
Title records
C
Actual notice
3.
And owner transfers title to a property to a buyer in exchange for a consideration. This is an example of
A
Voluntary alienation
B
Escheat
C
Hypothecation
4.
For a deed to convey title, it is necessary for the deed to be
A
A standard form
B
Accepted by grantee
C
Signed by the grantee
5.
The only required clause in a deed of conveyance is one that
A
States restrictions and limitations to that estate being conveyed
B
States the parties and the type of estate being conveyed
C
States the parties and the type of estate being conveyed
6.
The type of statutory deed that contains the most complete protection for the grantee is a
A
Guardians Deed
B
General warranty deed
C
Quit claim deed
7.
A one time tax levied on a property for purposes of recording a transaction is called
A
A sheriffs deed
B
A partition deed
C
A quitclaim deed
8.
If a person dies with no legal heirs or relations and has left no valid will, what happens to real property owned by that person?
A
It is taken by the state according to the process called escheat
B
It is conveyed to the previous owner in the chain of title
C
It is conveyed to the highest bidder at a public auction
9.
Just prior to passing away, a person tells witnesses that she would like her estate passed down to her husband. One witness records the statement in signs his name. This is an example of
A
An enforceable holographic will
B
An enforceable nuncupative will
C
An an unenforceable nuncupative will
10.
If a person having several heirs dies intestate, the property will
A
Pass to heirs by the law of descent and distribution
B
Escheat to the state
C
Pass to the surviving spouse through elective share
11.
A property owner can advert the danger of losing title by adverse possession by
A
A property owner can advert the danger of losing title by adverse possession by
B
Inspecting the property and evicting any trespassers found
C
Filing a claim of right with the county recorder
12.
A hermit secretly lives in a cave on a 200 acre property. After 20 years, the person makes a claim of ownership to the property. This claim will likely be
A
Upheld through adverse possession
B
Decline through the doctrine of prior appropriation
C
Declined because possession was secretive
13.
The fundamental purpose of recording instrument that effect real property is to
A
Prove ownership of property
B
Avoid adverse possession
C
Give constructive notice of one’s rights and interest in the property
14.
This is “chain of title?“
A
The list of all parties who have ever owned real estate
B
The bundle of rights linked to the recorded title to a parcel
C
A chronology of successive owners of record of a parcel of real estate
15.
The Torrens System differs from other title recording systems in that
A
Title is conveyed only when conveyance is registered on the title certificate
B
The Torren System is not recognized by title insurance companies
C
It allows unrecorded encumbrances to cloud title
16.
To be marketable, title must be
A
Registered in Torrens
B
Free of undisclosed defects and encumbrances
C
Abstracted by an attorney
17.
With the exception of a Torrens certificate, the best evidence of marketable title is
