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.
Which one of the following gives constructive notice of an interest in real property?
Recording.
Which one of the following will not transfer an interest in real property?
Bill of sale.
A bill of sale transfers ownership of personal property, not Real Property.
If no errors can be found, the property of an intestate person will:
Escheat to the state.
