Chapter 12 Quiz

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Chapter 12 Quiz

Deeds

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Which of the following may prepare a deed?

1 point

(A) A real estate broker.

(B) The grantor.

(D) A notary public.

Clear selection

The grantor delivers a signed deed but the grantee’s name is omitted. The deed is:

1 point

(A) invalid when made but valid when grantee fills in his name.

(B) invalid when made but valid when recorded.

(D) invalid.

Clear selection

In a deed the grantee:

1 point

(A) must be of legal age.

(B) must sign the deed.

(D) must be named.

Clear selection

Carol executes a deed of her farm to Betty. Carol keeps the deed in her safe deposit box. Upon her death, the box is opened and attached to the deed is a note to give the deed to Betty. Who has title to the farm?

1 point

(A) Betty.

(B) Carol’s heirs.

(D) Betty’s heirs.

Clear selection

A quitclaim deed might be used to:

1 point

(A) remove a cloud on a title.

(B) remove an escrow.

(D) evict a tenant.

Clear selection

In which of the following deeds is it possible that the grantee may receive no ownership rights?

1 point

(A) Warranty deed.

(B) Bargain and sale deed (CVG).

(D) Quitclaim deed.

Clear selection

A quitclaim deed transfers the interest of the:

1 point

(A) grantee.

(B) mortgagee.

(D) lessee.

Clear selection

If there is an exception in a deed, it would be:

1 point

(A) for the benefit of the grantee.

(B) for the benefit of the grantor.

(D) unconstitutional.

Clear selection

In a deed, the buyer is referred to as the:

1 point

(A) grantee.

(B) grantor.

(D) vendor.

Clear selection

The covenant in a deed which states that the grantor has full possession of the premises in fee simple and has the right to convey the property is called the covenant of:

1 point

(A) seisin.

(B) habendum.

(D) further assurance.

Clear selection

In the transfer of real property, ownership changes hands when the deed is:

1 point

(A) signed.

(B) delivered and accepted.

(D) notarized.

Clear selection

The clause which defines or limits the quantity of the estate being conveyed is the:

1 point

(A) partition clause.

(B) revocation clause.

(D) reversion clause.

Clear selection

Which of the following is NOT necessary for the validity of a deed?

1 point

(A) Execution.

(B) Delivery to grantee.

(D) Designating the grantee.

Clear selection

A deed which limits the liability of the grantor to his or her own acts and all persons claiming by, through and under the grantor, is known as:

1 point

(A) special warranty deed.

(B) general warranty deed.

(D) deed of trust.

Clear selection

If the grantor delivers to the grantee a deed in which the name of the grantee has inadvertently been left out, the deed is:

1 point

(A) invalid.

(B) voidable.

(D) forged.

Clear selection

Abraham sold his property to Ben. Ben did not record his deed. Abraham then sold die same property to Clara, a purchaser in good faith for value. Clara recorded her deed.

1 point

(A) Clara has a good title to the property.

(B) Ben has a title that is superior to the title of Clara.

(D) Ben does not have a cause of action against Abraham.

Clear selection

The covenant against encumbrances in a deed of conveyance warrants against the existence of all of the following undisclosed matters except:

1 point

(A) mortgages against the land.

(B) judgment liens against the land.

(D) zoning ordinances that limit the use of the land.

Clear selection

The deed that imposes the greatest liability on the grantor is the:

1 point

(A) quitclaim deed.

(B) warranty deed.

(D) special warranty deed.

Clear selection

The recording of the deed benefits which of the following?

1 point

(A) Grantor.

(B) Grantee.

(D) Selling broker.

Clear selection

Deeds may be prepared by:

1 point

(A) any licensed real estate broker.

(B) an attorney or the owner of the property being conveyed.

(D) an attorney in fact acting under authority from the grantee.

Clear selection

The responsibility of recording a deed lies with:

1 point

(A) the grantor.

(B) the grantee.

(D) the state.

Clear selection

If a deed is not dated, acknowledged or recorded, it:

1 point

(A) may be invalid because of these omissions.

(B) is void.

(D) would not be invalid as between the parties because of these omissions.

Clear selection

To be valid, a deed:

1 point

(A) must be acknowledged.

(B) must be recorded.

(D) must have grantor’s signature.

Clear selection

Which of the following would NOT appear in a deed?

1 point

(A) Acceleration clause.

(B) Habendum clause.

(D) Legal description.

Clear selection

To be valid a deed must:

1 point

(A) name the buyer and seller.

(B) recite the date signed.

(D) be recorded.

Clear selection

Persons closing a real estate transaction are required to report the names, social security numbers and amount of the transaction to the Internal Revenue Service. In New Jersey the PRIMARY filing responsibility falls on:

1 point

(A) the buyer’s broker.

(B) the seller’s broker.

(D) the mortgage lender.

Clear selection

How many times can the same deed be used?

1 point

(A) Once.

(B) Twice.

(D) It varies from state to state

Clear selection

The type of deed that warrants only that the grantor did not impair the title during his or her ownership except as stated in the deed is the:

1 point

(A) warranty deed.

(B) special warranty deed.

(D) quitclaim deed.

Clear selection

In New Jersey a valid general warranty deed need NOT contain:

1 point

(A) a recital of consideration.

(B) a written statement of the warranties.

(D) a granting clause.

Clear selection

If a deed conveys title to one person, the form of ownership being conveyed is:

1 point

(A) severalty.

(B) joint tenancy.

(D) tenancy by the entirety.

Clear selection

Which of the following is NOT necessary for a valid transfer of title to real estate?

1 point

(A) Competent grantee.

(B) Grantor’s signature.

(D) Written deed.

Clear selection

An acknowledgment is taken by:

1 point

(A) the grantee.

(B) the grantor.

(D) None of the above.

Clear selection

A deed containing no warranties or covenants, which relinquishes any interest, title or claim in property the grantor may have, if any. 12-293

1 point

Quitclaim Deed

Warranty Deed

Correction Deed

Quiet Enjoyment

Clear selection

Any conditions revealed by a title search which may affect or impair the owner's title to property because of their apparent or probable validity. 8-225

1 point

Cloud on Title

Habendum Clause

Quitclaim Deed

Quiet Enjoyment

Clear selection

A transfer tax that must be paid by the seller upon passing of title.

1 point

Realty Transfer Fee

Reservation

Correction Deed

Alienation

Clear selection

The purchaser; the person to whom an interest in realty is conveyed by deed. 12-297

1 point

Grantor

Grantee

Delivery

Covenant

Clear selection

A deed used to cover a prior erroneous deed; a deed of confirmation; a reformation deed. 12-298

1 point

Quitclaim Deed

Bargain & Sale Deed

Warranty Deed

Correction Deed

Clear selection

A deed used to convey title to real property, which may or may not include warranties; if any, they are generally limited to an assertion by the grantor that he has possession of the property. 12-298

1 point

Bargain & Sale Deed

Correction Deed

Quitclaim Deed

Warranty Deed

Clear selection

The act or intent of transferring an instrument from one person to another in such a way that it cannot be recalled. 12-299

1 point

Delivery

Conveyance

Quiet Enjoyment

Alienation

Clear selection

A deed in which the grantor warrants title only against defects occurring during the grantor's ownership. 12-298

1 point

Warranty Deed

Deed of Trust

Special Warranty Deed

Correction Deed

Clear selection

A deed provision that withholds some right or interest that otherwise would pass with the deed. For example, a grantor may wish to withhold from the deed sub-surface rights. 12-299

1 point

Reservation

Exception

Alienation

Quitclaim Deed

Clear selection

An instrument in writing, duly executed and delivered by the grantor, that conveys to the grantee some right, title or interest in or to real estate. 12-293

1 point

Deed

Cloud on Title

Quitclaim Deed

Seisin

Clear selection

The portion of a deed beginning "to have and to hold," which usually follows the granting clause and explains or limits the estate granted. 12-299

1 point

Cloud on Title

Quiet Enjoyment

Conveyance

Habendum Clause

Clear selection

The seller: the person who conveys an interest in realty by deed. 12-297

1 point

Grantor

Delivery

Covenant

Grantee

Clear selection

A deed in which the grantor fully warrants a good clear title to the property; a deed that contains covenants of title. 12-297

1 point

Special Warranty Deed

Correction Deed

Quitclaim Deed

Warranty Deed

Clear selection

The transferring of real property from one person to another. 4-189

1 point

Reservation

Conveyance

Realty Transfer Fee

Alienation

Clear selection

A right retained by a grantor in conveying property. 4-189

1 point

Realty Transfer Fee

Exception

Alienation

Reservation

Clear selection

The transfer of the title of land from one to another; an instrument which carries from one person to another an interest in land. 12-299

1 point

Alienation

Conveyance

Quiet Enjoyment

Habendum Clause

Clear selection

The right of an owner or tenant legally in possession to the use of property without interference from the landlord, or grantor, or anyone claiming through him. 12-297

1 point

Quiet Enjoyment

Cloud on Title

Habendum Clause

Quitclaim Deed

Clear selection

An agreement written into deeds and other instruments which promises or guarantees that something shall or shall not be done; an agreement stipulating certain use or non-use of property. 12-297

1 point

Grantee

Grantor

Delivery

Covenant

Clear selection

A deed given by an administrator. 12-298

1 point

Administrator's Deed

Bargain & Sale Deed

Special Warranty Deed

Deed of Trust

Clear selection

Possession of real property by one entitled thereto; a warranty that at the time of delivery of a deed the grantor actually has the right and capacity to convey good legal title; AKA "seizen." 12-297

1 point

Exception

Seisin

Quiet Enjoyment

Deed

Clear selection

Deed given by borrower to trustee to be held pending fulfillment of an obligation; AKA "trust deed". 12-298

1 point

Deed of Trust

Correction Deed

Special Warranty Deed

Warranty Deed

Clear selection

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