A3

Question 0

Which of the following would NOT appear on a public report?

a. Utilities
b. Title Condition
c. Market Value
d. Legal description

Answer 0

c. Market Value

Question 1

All of the following deeds will convey title EXCEPT:

a. General warranty
b. Special warranty
c. Quit Claim
d. Disclaimer

Answer 1

d. disclaimer

Question 2

When a lot is sold outside of a subdivision, which of the following must appear in the deed?

a. Zoning ordinances
b. Square footage
c. Water rights
d. No ingress or egress exists

Answer 2

d. No ingress or egress exists

Question 3

An affidavit of value would contain all of the following EXCEPT:

a. Consideration
b. Tax transfer stamps
c. Description
d. Signatures

Answer 3

b. Tax transfer stamps

Question 4

What is the purpose of an affidavit of value?

a. Assist the County Assessor in determining property values
b. To meet IRS requirements
c. To assist in determining capital gains tax
d. To assist the State Treasurer in sales tax revenue

Answer 4

a. Assist the County Assessor in determining property values

Question 5

In Arizona, you may obtain title under which of the following?

a. Easement by prescription
b. Adverse possession
c. License action
d. Disclaimer deed

Answer 5

b. Adverse Possession

Question 6

Which of the following coverage would NOT be included in an owner’s policy of title insurance?

a. Forged documents
b. Unknown heirs
c. Parties in adverse possession
d. Recorded mechanics liens

Answer 6

c. Parties in adverse possession

Question 7

Which of the following would NOT be covered in a standard owner’s policy of title insurance?

a. Easements obtained by prescription
b. Improper delivery
c. Conveyance made by a minor
d. Forged documents

Answer 7

a. Easements obtained by prescription

Question 8

An owner’s title policy would protect a buyer against which of the following?

a. Encroachments
b. Survey error
c. Unrecorded easements
d. Forgery

Answer 8

d. Forgery

Question 9

In Arizona, a deed must be signed by the:

a. grantee
b. Mortgagor
c. Grantor
d. Trustor

Answer 9

c. Grantor

Question 10

A deed is acknowledged in Arizona to:

a. Show the intent of the grantee
b. Meet the recordation requirements
c. Meet state law
d. Meet the Statute of Frauds

Answer 10

c. Meet state law

Question 11

Who signs a deed of conveyance?

a. Vendee
b. Grantor
c. Beneficiary
d. Trustee

Answer 11

b. Grantor

Question 12

At what point does recordation take place?

a. Docket and page number are assigned
b. At close of escrow date
c. The date the document was signed
d. The date the document was notarized

Answer 12

a. Docket and page number are assigned