Superior Real Estate Quiz Chapter 4

Title to real estate passes when a valid deed is:

• A signed and recorded

• B signed, delivered, accepted

• C filed and microfilmed

• D executed and mailed

Title to real estate inherited from a person who died testate is referred to as a:

• Al egacy

• B bequest

• C devise

• D descent

Which of the following is an essential element of a valid North Carolina deed?

• A a seal

• B recordation

• C the signature of the grantee

• D words of conveyance

When the grantor does NOT wish to convey certain property rights:

• A exceptions must be noted is a separate document

• B the deed must convey the property with all rights intact

• C exceptions may be noted in the deed of conveyance

• D the grantor must convey the entire premises and have the grantee reconvey the rights to be retained by the grantor

A trespasser built a log cabin in a remote area of a national park and occupied the structure for more than 25 years. That person will never be able to claim the property under adverse possession statutes because:

• Athe possession was not notorious

• B the possession was not open

• C the property was not privately owned

• Dthe property was not properly fenced

The seller conveyed a quitclaim deed to the buyer. Upon receipt of the deed, the buyer may be certain that:

• At he seller owned the property

• B there are no encumbrances against the property

• Ct he buyer now owns the property subject to certain claims of the seller

• D any and all of the seller's interests in the property belong to the buyer

Which of the following statements about North Carolina deeds is correct?

• A A general warranty deed is the best way for the buyer to receive title

• B A special warranty deed gives the seller the greatest degree of liability.

• C A bargain and sale deed is very much like the special warranty deed.

• D A gift deed must be recorded within 30 days to remain valid.

Which of the following is TRUE regarding a special warranty deed?

• A A grantor makes additional warranties beyond those given in a general warranty deed.

• B The grantor retains an ownership interest in the property.

• C The grantor is warranting that no undisclosed encumbrances exist against the property.

• D The grantor's warranties are limited to the time the grantor owned the property

Regarding title recordation, which of the following statement(s) is/are true? l. Physically taking possession of the property is constructive notice. ll. Public notice of recording documents is actual notice.

• A l only

• B II only

• C Both l and ll

• D neither I nor II

Which of the following would be considered an essential element of a valid deed in North Carolina? I. Acknowledgement II. Witnessed

• A I only

• B II only

• C Both I and II

• D neither I nor II