CH4: NC Real Estate Exam Practice Questions/Transfer of Title to Real Property Flashcards
Voluntary alienation during life occurs only in which of the following ways?
A. Will
B. Foreclosure
C. Deed delivery
D. Devise
C. Deed delivery
Which of the following is the type of notice provided by recording?
A. Actual
B. Reasonable
C. Protective
D. Constructive
D. Constructive
Essential elements of a valid deed include all of the following EXCEPT:
A. Acknowledgement
B. Writing
C. Competent grantor
D. Execution by the grantor
A. Acknowledgement
The purpose of a deed’s being acknowledged is to:
A. Make the deed valid
B. Make the deed eligible for delivery
C. Make the deed eligible for recording
D. Identify the grantee with certainity
C. Make the deed eligible for recording
A general warranty deed and a quitclaim deed are equally suitable for which of the following?
A. Judicial deed
B. Deed of confirmation
C. Official deed
D. Deed of gift
D. Deed of gift
All of the following are methods of title assurance EXCEPT:
A. Color of title
B. Title Insurance
C, Covenants of title in the deed
D. Title examination by an attorny
A. Color of title
The type of deed used to remove a mortgage lien when the debt is satisfied is a:
A. Deed of surrender
B. Grant Deed
C. Deed of release
D. Special warranty deed
C. Deed of release
Of the following types of deeds, which provides the grantee with the greatest assurance of title?
A. Special warranty
D. Deed of confirmation
C. Grant Deed
D. General warranty
D. General warranty
Which of the following covenants assures the grantee that the grantor has the legal capacity to transfer the title?
A. Covenant of quiet enjoyment
B. Covenant of right to convey
C. Covenant of seisin
D. Covenant of warranty
B. Covenant of right to convey
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?
A. Quitclaim deed
B. Special warranty deeds
C. Grant deeds
D. General warranty deeds
A. Quitclaim deed
A grantor left a deed for the grantee to find after the grantor’s death. The result was to:
A. Convey the title during the grantor’s life
B. Convey the title after the grantor’s death
C. Have the title automatically escheat to the state
D. None of the above
D. None of the above
In a metes and bounds description, the description must close; that is, it must do which of the following:
A. End at the northeast corner of the property
B. End at the point of beginning
C. End at a known government marker
D. None of the above
B. End at the point of beginning
If the covenants in a general warranty deed are broken, the grantee’s remedy is which of the following:
A. Sue the grantor for damages in the amount of the loss up to the amount of the purchase price only
B. Require the grantor to execute a deed of confirmation only
C. 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
D. None of the above
A. Sue the grantor for damages in the amount of the loss up to the amount of the purchase price only
The covenants in a general warranty deed will protect the grantee:
A. Against the lawful claims of “all persons whomsoever”
B. Only against the lawful claims arising from the grantor’s period of ownership
C. Only is the grantee acquires a valid title insurance policy
D. Never; the general warranty provides no protection from the grantor to the grantee
A. Against the lawful claims of “all persons whomsoever”
A claim of title by adverse possession may be defeated by the property owner by which of the following?
A. Permission
B. Confirmation
C. Will
D. Condemnation
A. Permission
A buyer recently purchased a lot containing .3817 acres. How many square feet does this lot contain?
A. 24,275
B. 21,875
C. 17,825
D. 16,627
Step #1: 43,560 multiple by .3817
D. 16,627
The type of deed that guarantees the title only against defects that were created during the grantor’s ownership is which of the following?
A. General warranty
B. Special warranty
C. Surrender
D. Release
B. Special warranty
General covers all previous owners
Special only covers the current owner or the grantors
Which of the following statements regarding a title examination is correct?
A. The purpose of the title examination is to reassure the purchaser the seller had a good and marketable title
B. To determine if there are any items recorded or not that might negatively impact the seller’s title
C. The purpose is to determine the quality of the title
D. The title examination only includes items released to title and does not typically include liens or property tax matters
C. The purpose is to determine the quality of the title
If a person dies intestate and has no heirs, his property will ____ to the state:
A. Devise
B. Escheat
C. Demise
D. Grant
B. Escheat
With reference to the metes and bounds property description, which of the following is correct?
A. It is a description by distances and directions
B. It is the primary method of description used in the original 13 colonies
C. It must have a point of beginning
D. All of the above
D. All of the above
A title insurance policy can be written to protect all of the following EXCEPT:
A. Owner
B. Seller
C. Lessee
D. Mortgagee
B. Seller
The successive conveyances of a title are called:
A. Releases
B. Remises
C. Links in the chain
D. Abstract of title
C. Links in the chain
A title insurance policy protects the insured against loss caused by:
A. Defects in the title existing at the time the insured acquired the title
B. Defects in the title created during the insured’s ownership
C. Defects in the title created after the insured’s ownership
D. All of the above
A. Defects in the title existing at the time the insured acquired the title
A tract of land measuring 165 wide and 350 deep recently sold for $138,600. What is its price per front foot?
A. $0.41
B. $269
C. $396
D. $840
D. $840
Steps #1: 138,600 divided by 165
Of the following types of deeds, which provides the grantor with the greatest liability?
A. Special warranty
B. Deed of confirmation
C. Grant deed
D. General warranty deed
D. General warranty deed
A general warranty deed gives the buyer the most protection. Therefore the seller the most liability
Which f the following legal descriptions would not be considered adequate for conveyance in a deed?
A. Reference to metes and bounds
B. Reference to a previously recorded deed
C. Informal reference
D. Reference to a plot book and page
C. Informal reference
Carla recently purchased a tract containing 6.48 acres for $79,035. What would be the selling price of a 50 x 225 ft section of this land if she sells it for the same cost per square foot that she had originally paid for it?
A. $3,150
B. $6,300
C. $11,250
D. $40,178
A. $3,150
Step #1: 43,560 square feet multiplied by 6.48 = 282,268.8
Step #2: 79,035 divided by 282,268.8 = $0.28 a square foot
Step #3: 50 x 225 = 11,250 square feet
Step #4: 11,250 square feet times $0.28
Lucy’s Landlord owns a house that she leases to Tim Tenant. Which of the following estates in real property exists during the time of Tim’s lease?
A. Leasehold estate
B. Freehold estate
C. Neither a leasehold nor a freehold
D. Both a leasehold and a freehold
D. Both a leasehold and a freehold
Which of the following is an adequate property description?
A, 123 Smith Road, North Carolina
B. The old Martin place
C. Book 1968, page 924, Halifax County, North Carolina
D. None of the above
C. Book 1968, page 924, Halifax County, North Carolina
A _____ property has a point of beginning?
A. A government rectangular system
B. Legal
C, Points, and calls
D. Metes and Bounds
D. Metes and Bounds
A home is sold for $103,250. What is the amount of excise tax to be paid by the seller?
A. $206
B. $207
C. $103
D. $104
B. $207
Step #1: excise tax is $1 for every $500
Step #2: $103,250 divided by $500 = 206.50 and you round up
Step #3: You round up with excise tax
A tract of land measuring 750 x 825 is divided into two tracts by a stream that runs diagonally through the property. How many acres are in each portion of the property?
A. 14.20 acres
B. 10.65 acres
C. 7.10 acres
D. 3.55 acres
C. 7.10 acres
Step #1: 750 x 825 = 618,750
Step #2: 618,750 divided by 2 = 309,375
Step #3: 309,374 divided by 43560
Two adjoining lots contain the same front footage. lot A is 900 ft deep and Lot B is 780 ft deep. If Lot A contains 3.45 acres, how many acres are in Lot B? (Round width)
A. 2.99 acres
B. 3.98 acres
C. 5.56 acres
D. 16.11 acres
A. 2.99 acres
Step #1: 43560 x 3.45 = 150,282 Step #2: 150,282 divided by 900 =166.98 Step #3: 166.98 is now the front foot of the lot Step #4: 166.98 x 780 = 130,244.4 Step #5: 130,244.4 divided by 43,560
