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5 Written questions

5 Matching questions

  1. Testator
  2. Vested Interest
  3. Granting Clause
  4. Transfer Tax
  5. Probate
  1. a 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
  2. b 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.
  3. c Tax on the transfer of real property; may require that stamps be attached to deed
  4. d 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.
  5. e A legal process by which a court determines who will inherit a decedent's property and what the estate's assets are

5 Multiple choice questions

  1. A deed used by a trustee under a deed of trust to return title to the trustor
  2. A 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."
  3. A written document, properly witnessed, providing for the transfer of title to property owned by the decease, called the testator.
  4. Voluntary transfer of title to Real Estate property, either a gift or selling of property
  5. An instrument that grants a trustee under a land trust full power to sell, mortgage, and subdivide a parcel of real estate. The beneficiary controls the trustee's use of these powers under the provisions of the trust agreement

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. Bargain and Sale DeedA deed that carries with it no warranties against liens or other encumbrances but that does imply that the grantor has the right to convey title. The grantor may add warranties to the deed at his or her discretion

          

  3. Adverse possessionAn instrument that grants a trustee under a land trust full power to sell, mortgage, and subdivide a parcel of real estate. The beneficiary controls the trustee's use of these powers under the provisions of the trust agreement

          

  4. DeviseA written instrument that, when delivered, conveys title to or an interest in real estate

          

  5. TitleA written document, properly witnessed, providing for the transfer of title to property owned by the decease, called the testator.

          

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