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WorksheetsCH 04 - Transfer of Title to Real Property
Total questions: 65
Worksheet time: 2hrs 10mins
Title to real estate passes when a valid deed is:
signed and recorded
signed, delivered and accepted
filed and microfilmed
executed and mailed
Transfer of real estate occurs when the deed is
signed and recorded
signed by the grantor
signed by the grantor, delivered to the grantee and accepted
filed and microfilmed
It is not necessary for a deed to be recorded in order to be valid.
True
False
It is necessary for a deed to be recorded in order to be valid.
True
False
The NC the Conner Act requires deeds to be recorded only
to give constructive notice and protect the owner from claims by third parties
to pass real property to the heirs according to the state statute on descent and distribution
to provide exceptions that must be noted in a separate document
when the property was not properly fenced
Title to real estate inherited from a person who died testate is referred to as a:
legacy
bequest
devise
devise
A __________ is typically the transfer of cash.
legacy
bequest
devise
descent
A _________ is the transfer of personal property.
legacy
bequest
devise
descent
A person who dies with a will dies _________. The passing of the real property through a will is called a _____________.
testate / bequest
intestate / bequest
testate / devise
intestate / devise
A _________ occurs when someone died intestate without a will. The property is passed to the heirs according to the state statute on descent and distribution.
legacy
bequest
devise
descent
A person who dies with a will dies _________.
testate
intestate
The passing of the real property through a will is called a
legacy
bequest
devise
descent
Which of the following is an essential element of a valid North Carolina deed?
a seal
recordation
the signature of the grantee
words of conveyance
Deeds do not need to be sealed, notarized or recorded in order to be valid.
True
False
Deeds need to be sealed, notarized or recorded in order to be valid.
True
False
Deeds only need to be notarized in order to
be recorded and they are only recorded to protect against outside third party claims
convey the property with all rights intact to the buyer
warrant that no undisclosed encumbrances exist against the property
fully transfer the title of the real estate
When the grantor does NOT wish to convey certain property rights:
exceptions must be noted in a separate document
the deed must convey the property with all rights intact
exceptions may be noted in the deed of conveyance
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:
the possession was not notorious
the possession was not open
the property was not privately owned
the property was not properly fenced
____________ is the taking of private property from a private owner.
adverse possession
eminent domain
closed possession
limited
In NC the period of exclusive use in order to claim adverse possession is ___ years.
20
10
5
30
In order to claim adverse possession the use must be
open, continuous, exclusive, adverse and notorious
open, limited, exclusive, adverse and notorious
open, continuous, inclusive, adverse and notorious
open, continuous, exclusive, harmless and notorious
The seller conveyed a quitclaim deed to the buyer. Upon receipt of the deed, the buyer may be certain that:
the seller owned the property
there are no encumbrances against the property
the buyer now owns the property subject to certain claims of the seller
any and all of the seller's interests in the property belong to the buyer
A quit claim deed only terminates the rights or interests of a seller if
the seller had those rights or interests in the property
the grantor is warranting that no undisclosed encumbrances exist against the property
the grantor retains an ownership interest in the property
a grantor makes additional warranties beyond those given in a general warranty deed
The seller conveyed a quitclaim deed to the buyer. Upon receipt of the deed, the buyer may be certain that:
the seller owned the property
there are no encumbrances against the property
the buyer now owns the property subject to certain claims of the seller
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 general warranty deed is the best way for the buyer to receive title.
A special warranty deed gives the seller the greatest degree of liability.
A bargain and sale deed is very much like the special warranty deed.
A gift deed must be recorded within 30 days to remain valid.
Which of the following is TRUE regarding a special warranty deed?
A grantor makes additional warranties beyond those given in a general warranty deed.
The grantor retains an ownership interest in the property.
The grantor is warranting that no undisclosed encumbrances exist against the property.
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.
l only
ll only
Both l and ll
Neither l nor ll
Regarding title recordation, physically taking possession would be _______ notice.
actual
physical
constructive
adverse
Regarding title recordation, the act of placing documents into a public database provides ___ notice.
official
constructive
conducive
actual
Which of the following would be considered an essential element of a valid deed in North Carolina?
I. Acknowledgement
II. Witnessed
I only
II only
Both I and II
Neither I nor II
Deeds neither have to be acknowledged (notarized) or witnessed to be valid.
True
False
Recordation is required under the Conner Act to provide ___ notice.
constructive
actual
formal
recognized
Deeds need to be acknowledged (notarized) in order to be recorded.
True
False
All of the following may be discovered in a title search, EXCEPT:
the legal description of the property
liens and judgments
easements
encroachments
Which of the following are physical items such as a building, tree or fence would not typically appear in the public records. These items would generally only be discovered by the parties obtaining a survey.
encroachments
easements
liens
judgments
A ___ does not warrant against all claims, only those created during the grantor's term of ownership.
special warranty deed
general warranty deed
A ___ DOES protect title against all claims, not just those during the grantor's term of ownership.
general warranty deed
special warranty deed
The recording of a deed:
is required in order to fully transfer the title of the real estate
makes the deed enforceable
ensures the grantee's interest in a parcel of real estate
warrants the grantee's title to real property
The recordation of a warranty deed:
guarantees ownership
protects the interests of the grantee
prevents claims of parties in possession
provides defense against adverse possession
When the seller of the property gives a deed to a buyer “by, through, or during” the current ownership period of time, what type of deed is given?
General warranty deed
Special warranty deed
Quitclaim deed
Trustees deed
Under the North Carolina Conner Act, all the following documents must be recorded to be enforceable against third parties, EXCEPT:
an easement
a deed of trust
a purchase contract
a set of restrictive covenants
Determine the excise tax to be paid on a house that sells for $268,210 if the buyer makes a $25,000 down payment and the seller takes back a second mortgage for $50,000.
$536.42
$537.00
$533.00
$538.00
When you payoff your mortgage, you receive a
general deed
deed of reconveyance
deed of independence
deed of repossession
All of the following are methods of title assurance EXCEPT
color of title
covenants of title by deed
title insurance
title examination by an attorney
the transfer of real property from one party to another can be defined as
bill of sale
deed of release
alienation
condemnation
voluntary alienation during life occurs only in which way
will
deed delivery
foreclosure
devise
the purpose of a deed's being acknowledged is to:
to make the deed valid
to make the deed eligible for recording
to make the deed eligible for delivery
identify the grantee with certainty
Which of the following describes a metes?
distance
direction
Which of the following describes a bounds?
distance
direction
Metes and bounds
always travel North to South last
always travel North to South first
always travel East to West first
must be created without an easement
A township measures
6 miles x 6 miles
has 640 sections
is 43,560 acres
36 cubic miles
A township measures
36 square miles
has 640 sections
is 43,560 acres
36 cubic miles
All of the following are false EXCEPT
surveys are not required in NC
range lines run east to west
townships are 38 square feet
to die with a will is to die intestate
Which of the following is true about baselines?
they run the middle most part of map and run north to south
they run the middle most part of map and run east to west
they run in any direction from east to west
they run in any direction from north to south
Which of the following is true about meridians?
they run the middle most part of map and run north to south
they run the middle most part of map and run east to west
they run in any direction from east to west
they run in any direction from north to south
All of the following statements referring to methods of transfer are false EXCEPT
an example of voluntary alienation would be foreclosure
transferring property of a deceased person's estate does not require a new listing agreement from the estate
the gift of rel property without a will is a devise
an example of voluntary alienation would not be adverse possession
of the following types of deeds, which provides the grantee with the greatest assurance of title?
special warranty
deed of confirmation
grant deed
general warranty
Which of the following covenants assures the grantee that the grantor has the legal capacity to transfer title?
covenant of quiet enjoyment
covenant of right to convey
covenant of seisin
covenant of warrenty
Which of the following covenants assures the grantee that the grantor has the legal capacity to sell real property?
covenant of quiet enjoyment
covenant of right to convey
covenant of seisin
covenant of warrenty
All of the following are not requirements for valid conveyance of transfer EXCEPT
words of conveyance
an attorney
an appraisal
a notary
The successive conveyances of a title are called
releases
remises
links in the chain of title
abstracts of title
In order to deliver marketable title, attorneys and title companies must prove
a 30 year unbroken and defective title chain
a 30 year unbroken and defect free title chain
a 20 year unbroken and defective title chain
a 35 year unbroken and defective title chain
A title insurance policy can be written to protect all of the following EXCEPT
owner
seller
lessee
mortgagee
forgaries, errors and omissions, and unrecorded liens can be protected by whom with title insurance
buyer and mortgage lender
buyer and seller
seller and mortgage broker
seller and listing agent
a title insurance policy protects the insured against loss caused by
defects in the title existing at the time the insured acquired title
defects in the title created during the insured's ownership
defects in the title created after the insured's ownership
All of these
