5 Written Questions
5 Matching Questions
- Vested Interest
- a The person who receives a conveyance of real property from a grantor
- b A gift of real property by will. The donor is the devisor and the recipient is the devisee
- c A legal process by which a court determines who will inherit a decedent's property and what the estate's assets are
- d A present right, interest or title to property that gives the holder the right to convey it to another, even thought the right might not be enjoyed by one or both of the parties.
- e A written instrument that, when delivered, conveys title to or an interest in real estate
5 Multiple Choice Questions
- Tax on the transfer of real property; may require that stamps be attached to deed
- A person who has made a valid will. A woman often is referred to as a testatrix, although testator can be used for either gender.
- Person dies without a valid will; his or her property will pass to heirs as provided in the state law of descent
- The actual, open , notorious, hostile, and continuous possession of another's land under a claim of title. Possession for a statutory period may be a means of acquiring title
- Written document that, when executed and delivered, conveys title to or an interest in real estate
5 True/False Questions
Quit Claim Deed → A deed used by a trustee under a deed of trust to return title to the trustor
Acknowledgment → Formal declaration by someone like a notary that the signature is both voluntary (no force) and genuine (no forgery)
Special Warranty Deed → A deed in which the grantor fully warrants good clear title to the premises. Used in most real estate deed transfers, a general warranty deed offers the greatest protection of any deed
Will → A written document, properly witnessed, providing for the transfer of title to property owned by the decease, called the testator.
Reconveyance Deed → A conveyance by which the grantor transfers whatever interest he or she has in real estate, without warranties or obligations