Chapter 9 Review

At the time the buyer and seller sign a real estate sale contract, the buyer receives legal title to the property

• True

• False

Alienation is the act of transferring ownership, title, or interest in real property from one person to another

• True

• False

Transfer of title to property with a will is a type of involuntary alienation

• True

• False

In a will, the recipient of real estate is referred to as the devisee

• True

• False

Constructive notice provides the BEST evidence of ownership

• True

• False

Recording a document in the county records provides constructive notice

• True

• False

Constructive notice has more legal priority compared with actual notice

• True

• False

The owner's title insurance policy is issued for the mortgage amount

• True

• False

The lender's policy is transferable

• True

• False

The granting clause defines the bundle of legal rights being conveyed to the grantee.

• True

• False