Chapter 3 Transfer of Title to Real Property

Question 1

The power of the government to take private property for public use is called:

Answer 1

eminent domain.

Question 2

In California, a successful lawsuit for ownership of property by adverse possession requires

Answer 2

1. hostile possession.
2. actual, open, and notorious possession.
3. continuous and uninterrupted possession for a minimum of five years.

Question 3

A cloud on a title is a:

Answer 3

Title Defect

Question 4

Lenders generally insist that __________ title policy be purchased in their behalf by borrowers.

Answer 4

an ALTA extended

Question 5

A person who dies without a will is said to have died:

Answer 5

intestate.

Question 6

When a body of water gradually recedes, creating additional exposed land that becomes the real property of adjacent property owners, the process is referred to as:

Answer 6

reliction.

Question 7

The transfer of real property must include:

Answer 7

1. a valid deed.

2. delivery and acceptance of the deed.

Question 8

The property of a person who dies intestate and has no known heirs will:

Answer 8

escheat to the state.

Question 9

The government transfers title of government-owned lands to private owners by way of a:

Answer 9

Land Patent.

Question 10

In California, the most common document used to transfer title to real property is a:

Answer 10

Grant Deed.

Question 11

A buyer of real property receiving a deed from the seller is also known as the:

Answer 11

grantee.

Question 12

In the event of a judicial foreclosure sale, the deed used to transfer title to the highest bidder is a:

Answer 12

Sheriff’s Deed.

Question 13

A standard coverage title policy insures (name two):

Answer 13

1. someone holding an option on the property.

2. forgery

Question 14

Three essential elements for a valid deed?

Answer 14

1. The deed has an adequate description of the property being transferred.
2. The deed contains the names of the grantor and grantee.
3. The deed must be delivered to the grantee.

Question 15

The process whereby constructive notice of the interest one has in real property is given to the world is called:

Answer 15

recording.

Question 16

The process of enlargement of riparian or littoral land by deposits of alluvium is known as:

Answer 16

accretion.

Question 17

A cloud on a title is most often removed by a:

Answer 17

Quit Claim Deed.

Question 18

In order to convey title to real property, every deed must have a:

Answer 18

granting clause.

Question 19

The process of transferring real property from one individual to another is known as:

Answer 19

alienation.

Question 20

A condensed list of all owners of record of a particular parcel of real property is known as:

Answer 20

abstract of title.