Section 9 TF Quiz

Question 1

The deed must be notarized for property transfer to legally occur.

Answer 1

A. True
[A] B. False

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[Section 9B, Slide 71]; This deed will normally be notarized in order to be able to record the deed with the clerk of the court. Note the deed does not have to be signed by the grantee or notarized for property transfer to legally occur.

Question 2

4 Special Purpose Deeds used to handle special situations include Personal Representative Deeds, Guardian’s Deeds, Committee’s Deeds, and the Tax Deed.

Answer 2

[A] A. True
B. False

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[Section 9B, Slide 99]

Question 3

Eminent domain provides for the property of a person who dies intestate and who has no known heirs to pass to the state the government.

Answer 3

A. True
[A] B. False

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[Section 9A, Slide 73]; This is by Escheat. Eminent domain is the governmental power to take land from an owner through the legal process.

Question 4

The deceased person who made the will is called a testator if that deceased person is a male. The deceased person is called a testatrix if that deceased person is a female.

Answer 4

[A] A. True
B. False

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[Section 9A, Slide 47]

Question 5

The general warranty deed is the most commonly used deed and has the most comprehensive protections.

Answer 5

[A] A. True
B. False

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[Section 9B, Slide 85]

Question 6

An Abstract of Title is the linking of one owner to another as the property has been conveyed from one person to the next.

Answer 6

A. True
{A} B. False

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[Section 9B, Slide 37]; A Chain of Title is the linking of one owner to another as the property has been conveyed from one person to the next. An Abstract of Title is the search through recorded documents to find evidence of title transfer history and mortgages or other liens against the property including judgments and unpaid taxes.

Question 7

When a lawsuit for foreclosure is proceeding, the lender will give constructive notice of the suit by filing the lis pendens notice in the county where the property is located.

Answer 7

[A] A. True

B. False

Question 8

A real estate licensee must have the knowledge to provide an opinion of title.

Answer 8

A. True
[A] B. False

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[Section 9B, Slide 40]; An opinion of title can only be provided by an attorney. The licensee can only share the opinion that the attorney has form

Question 9

Easements are a form of government restrictions on property.

Answer 9

A. True
[A] B. False

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[Section 9C, Slides 11 & 12]; Government Restrictions include Police Power, Eminent Domain, and Taxation. Private Restrictions include Deed Restrictions, Easements, Leases, and Liens.

Question 10

Devise is the gift of real property, whereas it is a bequest if it is personal property.

Answer 10

[A] A. True
B. False

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[Section 9A, Slide 48]