NEW
Font size
WorksheetsNC Real Estate - Chapter 4
Total questions: 51
Worksheet time: 2hrs 42mins
Title to real estate passes when a valid deed is:
signed and recorded
signed, delivered and accepted
filed and microfilmed
executed and mailed
Title to real estate inherited from a person who died testate is referred to as 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
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
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.
A gift deed must be recorded within 30 days to remain valid.
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
II only
Both I & II
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
I only
II only
Both I and II
Neither I nor II
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 is TRUE?
The grantor under a special warranty deed warrants that the grantee's title will be defended and protected against any claims whatsoever.
The grantor under a general warranty deed promises that the grantee's title will be defended and protected only against claims resulting from the grantor's ownership.
The grantor under a quitclaim deed only conveys any interest the grantor may have in the property.
A minor will convey absolute ownership interest in a property as long as the signature is obtained in the presence of a parent.
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 general warranty deed:
guarantees ownership
protects the interests of the grantee
prevents claims of parties in possession
provides defense against adverse possession
Don, a real estate broker, has agreed to prepare a deed for the seller in a transaction in which he is the listing agent. If he does not charge the seller a separate fee for this service:
He has done nothing illegal since he did not charge a separate fee for his service.
He may have his license suspended or revoked by the North Carolina Real Estate Commission.
He has not violated any rules or laws as long as he obtains consent from both parties prior to engaging in this act.
There is no violation as long as he has a broker’s license.
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
$533
$538
All of the following are methods of title assurance EXCEPT:
color of title
title insurance
covenants of title in the deed
title examination by an attorney
Voluntary alienation during life occurs only in which of the following ways?
will
foreclosure
deed delivery
devise
Essential elements of a valid deed include all of the following EXCEPT:
acknowledgment
writing
competent grantor
execution by grantor
The purpose of a deed's being acknowledged is to:
make the deed valid
make the deed eligible for delivery
make the deed eligible for recording
identify the grantee with certainty
Which of the following is the type of notice provided by recording?
actual
reasonable
protective
constructive
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 the title?
covenant of quiet enjoyment
covenant of right to convey
covenant of seisin
covenant of warranty
Which of the following types of deeds is typically used where one is releasing any interest he/she may have in a parcel of real estate?
quitclaim deed
special warranty deeds
grant deeds
general warranty deeds
A general warranty deed and a quitclaim deed are equally suitable for which of the following?
judicial deed
deed of confirmation
official deed
deed of gift
A grantor left a deed for the grantee to find after the grantor's death. The result was to:
convey the title during the grantor's life
convey the title after the grantor's life
have the title automatically escheat to the state
none of the above
The type of deed used to remove a mortgage lien when the debt is satisfied is a:
deed of surrender
grant deed
deed of release
special warranty deed
If the covenants in a general warranty deed are broken, the grantee's remedy is which of the following?
Sue the grantor for damages in the amount of the loss up to the amount of the purchase price only.
Require the grantor to execute a deed of confirmation only.
Both sue the grantor for damages in the amount of the loss up to the amount of the purchase price and require the grantor to execute a deed of confirmation.
none of the above
The covenants in a general warranty deed will protect the grantee:
against the lawful claims of "all persons whomsoever."
only against the lawful claims arising from the grantor's period of ownership
only if the grantee acquires a valid title insurance policy
never; the general warranty deed provides no protection from the grantor to the grantee
A claim of title by adverse possession may be defeated by the property owner by which of the following?
permission
confirmation
will
condemnation
The type of deed that guarantees the title only against defects that were created during the grantor's ownership is which of the following?
general warranty
special warranty
surrender
release
Which of the following statements regarding a title examination is correct?
The purpose of the title examination is to reassure the purchaser the seller had good an marketable title.
To determine if there are any items, recorded or not, that might negatively impact the seller's title.
The purpose is to determine the quality of title.
The title examination only includes items related to title and does not typically include liens or property tax matters.
The successive conveyances of a title are called:
releases
remises
links in the chain of title
abstracts of title
A title insurance policy can be written to protect all of the following EXCEPT:
owner
seller
lessee
mortgage
With reference to the metes and bounds property description, which of the following is correct?
It is a description by distances and directions.
It is the primary method of description used in the original 13 colonies.
It must have a point of beginning.
All of the above.
Which of the following legal descriptions would not be considered adequate for conveyance in a deed?
reference to metes and bounds
reference to a previously recorded deed
informal reference
reference to plat book and page
Of the following types of deeds, which provides the grantor with the greatest liability?
special warranty
deed of confirmation
grant deed
general warranty deed
In a metes and bounds description, the description must close; that is, it must do which of the following?
end at the northeast corner of property
end at the point of beginning
end at a known government marker
none of the above
Lucy Landlord owns a house that she leases to Tim Tenant. Which of the following estates in real property exists during the time of Tim Tenant's lease?
leasehold estate
freehold estate
neither a leasehold nor a freehold
both a leasehold and a freehold
Which of the following is an adequate property description?
123 Smith Road, North Carolina
the old Martin place
Book 1968, page 924, Halifax County, North Carolina
none of the above
A __________ property description has a point of beginning.
government rectangular system
legal
points and calls
metes and bounds
If a person dies intestate and has no heirs, his property will _____________ to the state.
devise
escheat
demise
grant
A home is sold for $103,250. What is the amount of exercise tax to be paid by the seller?
$206
$207
$103
$104
Two adjoining lots contain the same front footage. Lot A is 900 feet deep and Lot B is 780 feet deep. If Lot A contains 3.45 acres, how many acres are in Lot B? (Round width to whole numbers.)
2.99 acres
3.98 acres
5.56 acres
16.11 acres
A tract of land measuring 165 wide, 350 deep recently sold for $138,600. What is its price per front foot? (Round to the nearest whole dollar.)
$0.41
$269
$369
$840
Carla recently purchased a tract containing 6.48 acres for $79,035. What would be the selling price of a 50 x 225 foot section of this land if she sells it for the same cost per square foot that she had originally paid for it? (Round answer to whole dollar.)
$3,150
$6,300
$11,250
$40,178
A tract of land measuring 750' x 825' is divided into two tracts by a stream that run diagonally though the property. How many acres are in each portion of the property?
14.20 acres
10.65 acres
7.10 acres
3.55 acres
A house was recently sold for $329,560. How much is due for the revenue stamps in this transaction?
$660
$330
$659
$329
A buyer recently purchased a lot containing .3817 acres. How many square feet does this lot contain?
24,275
21,875
17,825
16,627
