Ch. 4 Flashcards
The process of transferring Real Property from one individual to another is known as:
Alienation.
In Nevada, the most common document used to transfer title to real property is a:
Grant, bargain and sale deed.
The government transfers title of government owned land to private owners by way of a:
Land patent.
A cloud on a title is often he removed by the execution of a:
Quit claim deed
While a suit for quiet title may be file to remove the cloud, the most often used method of removal is by execution of a quit claim deed.
Which one of the following deeds will be used for a court ordered foreclosure?
A sheriffs deed is used to transfer property to the highest better at a court ordered foreclosure sale.
The words required to convey title are known as the:
Granting clause.
In order to convey title to real property, every deed must have a granting clause. The granting clause contains the actual words of conveyance.
The transfer of real property must include:
A valid deed and delivery and acceptance of the deed.
A deed does not have to be recorded in order for the transfer to be effected.
The purchaser who acquires clear title from the seller is the:
Grantee.
The right of the government to take private property for public use is known as:
Eminent domain.
A person who dies without a valid will is said to have died:
Intestate.
To die with a valid will is to die testate.
Which one of the following statements best describes a cloud on title?
Any condition or defect that will affect the ability to convey clear title.
A listing of all owners of record for a particular parcel of real property is known as:
A chain of title.
A complete listing of all interest in a property is called a chain of title. A condensed version is known as an abstract of title.
In Nevada, a successful adverse possession lawsuit requires all of the following, except:
The adverse possessor must not have paid any property taxes on the property adversely possessed during the period of possession.
An adverse possessor must have continuous and uninterrupted possession for a minimum of five years, actual, open, and notorious possession, hostile possession, and must have paid property taxes on the property adversely possessed.
The gradual and imperceptible addition of soil to a riparian or littoral property is known as:
Accretion.
The gradual increase in riparian or littoral land by the recession of water is known as:
Reliction.
