Deeds and Recordation

Question 1

A deed that conveys a persons interest, if any, in the property is a

a. general warranty deed
b. special warranty deed
c. bargain and sale deed
d. quit claim deed

Answer 1

D.

Question 2

A must:

a. contain the street address
b. state the nature of the improvement
c. contain adequate description to identify the premises
d. state the total area in the tract

Answer 2

C.

Question 3

A patent deed come from:

a. a sovereign power
b. the US patent office
c. municipalities
d. county gov’t

Answer 3

A.

Question 4

A person buying RE from an executor will not get a general warranty deed bc:

a. executor doesn’t own the prop and is carrying out the instructions of a living trust
b. seller can only give a warranty deed
c. a court-appointed administrator wouldn’t want the liability
d. an executor will want to limit the estate’s liability

Answer 4

D.

Question 5

A warranty deed must contain all of the following except

a. consideration
b. signature of grantor
c. legal description
d. signature of grantee

Answer 5

D.

Question 6

A warranty deed would not protect the grantee against:

a. clouds on title
b. marketable title
c. rights of the gov’t
d .quiet enjoyment

Answer 6

C.

Question 7

After J bought real estate from P, both parties decided to cancel the recorded sale. What must be done:

a. J should return the deed to property
b. record a rescission notice
c. Mark the deed void
d. J should prepare a new deed and deliver it to P

Answer 7

D.

Question 8

All of the following are req’d to be in a deed of conveyance except

a. acknowledgment
b. sales price
c. legal description
d. consideration

Answer 8

B.

Question 9

An agreement to assign an interest

Person making the assignment:
Assignor or Assignee

Receiver of an assignment:
Assignor or Assignee

Answer 9

Assignor

Assignee

Question 10

State real estate agency: Licensee/Licensor

Answer 10

Licensor

Question 11

At what point does recordation take place

a. docket and page number are assigned
b. at close of escrow date
c. date the doc was signed
d. date the doc was notarized

Answer 11

A.

Question 12

AZ law requires that a document accompany every deed before the deed can be recorded. This doc is signed by the

a. buyer
b. seller
c. buyer and seller
d. buyer, seller, and broker

Answer 12

C.

Question 13

Deed - An ownership conveyence

Grantor or Grantee:

Buyer/purchaser

Answer 13

Grantee

Question 14

Deeds are recorded

a. to provide constructive notice of their existence
b. because the law requires it
c. to guarantee ownership
d. to eliminate all other claims on title

Answer 14

A.

Question 15

If a deed isn’t recorded in AZ, it is:

a. not valid if the property owner lives out of state
b. valid but can be voided subsequent recorded deeds
c. void if not recorded within 30 days
d. void if not recorded in 7 business days

Answer 15

B.

Question 16

If a man dies and the will authorizes his son to sell the deceased’s home, what type of deed would son use:

a. Guardian’s deed
b. Trustee’s “
c. Administrator’s
d. Executor’s “

Answer 16

D.

Question 17

Mortgage:

Borrower: Mortgagor or Mortgagee
Lender: Mortgagor or Mortgagee

Answer 17

Borrower: MORTGAGOR
Lender: MORTGAGEE
*** These are the exception to ORs and EEs

Question 18

A contract to purchase a lease or exchange a right:

who makes the offer: Optionee/Optionor

Answer 18

offeror

Question 19

Ownership is transferred when the

a. title is recorded
b. deed is signed by the seller
c. deed is delivered to and accepted by the buyer
d. title insurance policy is issued

Answer 19

C.

Question 20

Purchase contract:

Buyer is: Vendor or Vendee
Seller is: Vendor or Vendee

Answer 20

Seller is Vendor
Buyer is Vendee

Question 21

Receiver of real property interest by will:

Testator or Devisee:

Answer 21

Devisee

Question 22

The type of deed in which the grantor limits the grantor’s liability to the grantee to anyone making claims due to the grantor’s actions is a:

a. special warranty deed
b. quit claim deed
c. general warranty “
d. sheriff’s “

Answer 22

A.

Question 23

Title to RE passes to the grantee at the time the deed is:

a. written
b. delivered and accepted
c. notarized
d. signed

Answer 23

B.

Question 24

To be valid, a deed must contain:

a. monetary consideration
b. date
c. acknowledgment
d. grantee’s signature

Answer 24

C.

Question 25

What doc does the gov’t use to convey ownership of public land to an individual:

a. abstract
b. affidavit of title
c. patent title
d. title policy

Answer 25

C.

Question 26

What is the max number of grantees in a warranty deed

a. one
b. three
c. four
d. unlimited

Answer 26

D.

Question 27

When a document is recorded, what type of notice is given

a. actual
b. constructive
c. implied
d. universal

Answer 27

B.

Question 28

When purchasing property in which your spouse is not to have any interest, which deed would be used to relinquish any rights to the prop

a. quit claim deed
b. disclaimer deed
c. gift deed
d. deed of surrender

Answer 28

B. disclaimer deed

Question 29

Which type of deed creates the greatest liability for the grantor:

a. quit claim deed
b. bargain and sale “
c. special warranty “
d. general warranty “

Answer 29

D.

Question 30

Who can search the records of the county recorder’s office

a. only an employee of the county
b. only the assessor
c. any individual
d. only a person who has recorded a doc

Answer 30

C.

Question 31

Who is responsible for recordation of a deed:

a. broker
b. grantor
c. grantee
d. lender

Answer 31

C. grantee

Question 32

Will:
Maker of will:
Testator or Devisee?

Answer 32

Testator