Chapter 4 Title Registration

Question 1

What is a deed?

Answer 1

Any document under seal

I deed is a conveyance of real estate

Question 2

What is Torrance system of land registration?

Answer 2

The land title system.

–The torrent system is the register of titles which contain the names of the holders of individual parcels of land all details including full legal description

Question 3

What is Torrance system of land registration? 4 principles

Answer 3

One – indefeasibility
= Protected from fraud (on exam)

Two – effect of registration = no interest in land can be transferred until they are registered
Caveat = buyer beware! On exam

Three - ablation of notice - no longer beware – Purchaser only needs to be concerned with what’s in the register ie: Builders lean, Judgment

Four – Assurance principal
Will compensate someone who got screwed by a scam (this question is very common on exam)

Question 4

Manufactured home registration fact to know!

Answer 4

• You need a permit to move it
• Comes with the decal which is your registration and you must register that with the land title office
• Your decal is good for life
• Registration exempt before 1978