NAME: ________________________

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5 Written Questions

5 Matching Questions

  1. Transfer Tax
  2. Voluntary Alienation
  3. Probate
  4. Granting Clause
  5. Adverse possession
  1. a 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
  2. b Words in deed on conveyance that state the grantor's intention to convey the property at the present time. This clause is generally worded as "convey and warrant"; "grant"; "grant, bargain, and sell"; or the like
  3. c Tax on the transfer of real property; may require that stamps be attached to deed
  4. d A legal process by which a court determines who will inherit a decedent's property and what the estate's assets are
  5. e Voluntary transfer of title to Real Estate property, either a gift or selling of property

5 Multiple Choice Questions

  1. 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.
  2. A written instrument that, when delivered, conveys title to or an interest in real estate
  3. The person transferring title to or an interest in real property to a grantee
  4. Written document that, when executed and delivered, conveys title to or an interest in real estate
  5. A written document, properly witnessed, providing for the transfer of title to property owned by the decease, called the testator.

5 True/False Questions

  1. Quit Claim DeedA conveyance by which the grantor transfers whatever interest he or she has in real estate, without warranties or obligations

          

  2. AcknowledgmentFormal declaration by someone like a notary that the signature is both voluntary (no force) and genuine (no forgery)

          

  3. DeviseA gift of real property by will. The donor is the devisor and the recipient is the devisee

          

  4. General Warranty DeedA deed in which the grantor warrants, or guarantees, the title only against defects arising during the period of his or her tenure and ownership of the property and not against defects existing before that time, generally using the language, "by, through, or under the grantor but not otherwise."

          

  5. Special Warranty DeedA deed in which the grantor warrants, or guarantees, the title only against defects arising during the period of his or her tenure and ownership of the property and not against defects existing before that time, generally using the language, "by, through, or under the grantor but not otherwise."

          

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