Real Estate Quiz Pt 3 for California Real Estate Exam
Failure to occupy or use property that may result in the extinguishment of a right or interest in the property.
The acquisition of additional property by the natural processes of accretion, reliction, or avulsion, or by the human process of the addition of fixtures or improvements made in error.
A natural process by which the owner of riparian or littoral property acquires additional land by the gradual accumulation of soil through the action of water.
A person appointed by a probate court to conduct the affairs and distribute the assets of a decedent's estate when there was no executor named in the will or there was no will.
the process by which unauthorized possession and use of another's property can ripen into ownership of that other's property without compensation.
All interests in a property acquired subsequent to a transfer of the property
Addition to land acquired by the gradual accumulation of soil through the action of water.
an extended title insurance policy developed by the American Land Title Association.
A document that can be changed or revoked, such as a will.
A process that occurs when a river or stream suddenly carries away a part of a bank and deposits it downstream, either on the same or opposite bank.
(1) The lender under a dead of trust;
(2) One entitled to receive property under a will
(3) One for whom a trust is created
To transfer personal property by a will
A gift of personal property by will
Chain of title
A complete chronological history of all of the documents affecting title to the property
A standard title insurance policy developed by the California Land Title Association
(1) Notice provided by public records;
(2) Notice of information provided by law to a person who, by exercising reasonable diligence, could have discovered the information
(1) (noun) A gift of real property by will;
(2) (verb) To transfer real property by will
A recipient of real property through a will
Right of the state to take, through due process proceedings (often referred to as condemnation proceedings), private property for public use upon payment of just compensation
A process whereby property passes to the state if a person owning the property dies intestate without heirs
A person named in a will to carry out the directions contained in the will
A deed used to convey title when no tangible consideration (other than affection) is given. The gift deed is valid unless it was used to defraud creditors, in which cases such creditors may bring an action to void the deed.
The deed most commonly used in California. It has two implied warranties that are enforced whether or not they are expressly stated in the deed the grantor has not transferred title to anyone else, and the property at the time of execution is free from any encumbrances made by the grantor, except for those disclosed
One who acquires an interest in real property from another
One who transfers an interest in real property to another
A person entitled to obtain property through intestate succession
A will written, dated, and signed by a testator in his or her own handwriting
Not having made, or not having disposed of by, a will
Transfer of property of one who dies intestate
One who acquires personal property under a will
An oral will; nuncupative will are no longer valid in California
An instrument used to convey government land
The power of a government to impose restrictions on private rights, including property rights, for the sake of public welfare, health, order, and security, for which no compensation need be made
Preliminary title report
A statement by a title insurance company of the condition of the title and of the terms and conditions upon which the company is willing to issue a policy
A method of acquiring an interest in property by use and enjoyment for five yars
An easement acquired by prescriptions
A legal procedure whereby a superior court in the county where the real property is located or where the deceased resided oversees the distribution of the decedent's property
A gift of an interest in land to a public body for public use, such as for a street, a park, or an easement to access a beach
Public land conveyed, usually for a small fee, to individuals or to organizations, such as to railroads or universities
A deed that contains no warranties of any kind, no after-acquired title provisions, and provides the grantee with the least protection of any deed; it merely provides that any interest (if there is any) that the grantor has in the property is extinguished.
A deed executed by the trustee of a deed of trust after the promissory note is paid off in full by the borrower and the lender instructs the trustee to so execute the reconveyance deed, which reconveys legal title to the borrower
A natural process by which the owner of riparian or littoral property acquires additional land that has been covered by water but has become permanently uncovered by the gradual recession of water.
A deed given at the foreclosure of a property, subsequent to a judgment for foreclosure of a money judgment against the owner or of a mortgage against the property. A sheriff's deed contains no warranties and transfers only the former owner's interest in the property
Pre-printed "fill-in-the-blanks will provided by statute that must be signed in the presence of two competent witnesses
One who dies leaving a will
A duplicate of county title records maintained at title insurance companies for use in title searches
A three-party security device, the three parties being the borrower (trustor), the lender (beneficiary), and a third party (trustee) to whom "bare legal title" is conveyed
A person who holds something of value in trust for the benefit of another; under a deed of trust, a neutral third party who holds naked legal title for security
A borrower who executes a deed of trust
A deed in which the grantor warrants that the title being conveyed is good and free from defects or encumbrances, and that the grantor will defend the title against all suits
A document that stipulates how one's property should be distributed after death; also called a testament
Which deed contains the fewest warranties?
Which of the following is a valid will?
If Joe were primarily concerned about protecting against a forged deed in the chain of title to a property hi is acquiring, he would probably obtain a...
Eminent domain is...
the fight of the state to take, through due process proceedings, private property for public use upon payment of just compensation
A holographic will...
need not be witnessed
Which, of any, is misspelled?
nuncuptive should be nuncupative
is a competent grantee
Delivery of a deed most importantly rest on...
the intent of the grantor
After Joe died, both a signed will giving his house to his friend Jane and a deed granting his house to his daughter Susan were discovered in his safe. If the deed was signed later than the will, who will probably acquire the house?
Jane since if Joe intended for Susan to have the property he would have delivered the deed.
Which of the following terms least belongs with the others?
Real property, the others are forms of giving
Bob's home has been in the family for three generations. Nevertheless, the city wants to demolish it to make room for a public park. By which power will the city proceed to acquire Bob's home?
Bob dies intestate leaving a spouse and three children. What portion of Bob's separate property would each child receive?
The implied warranties in a grant deed include...
That the grantor owns the title and has not transferred the title to anyone else.
For a deed to be recorded it must be...
Which of he following concepts least belongs with the others?
two implied warranties
No warranties. A grant deed implies two implied warranties and after-acquired interests.
what happens to an intestate's property.
You might be able to acquire property by adverse possession if...
you have been exclusively cultivating a strip of land owned by your neighbor for over five years.
The sudden carrying away of land by the action of a river or stream is called...
Which of the following terms least belongs with the others?
eminent domain is a public power, the others are for individual acquisition
Bob conveys a vacant lot to the city for the use as a public park. This is an example of...
Which of the following statements is incorrect?
*A statutory will uses a form approved by the state
*An ALTA policy is an extended title insurance policy
*To die intestate means to die without leaving a will
*Both a and b are correct
Both a and C are correct is incorrect.
Adverse possession requires...
payment of taxes and claim of title or color of right. It also includes the exclusive possession for the last five years
A valid deed...
doesn't need to be witnessed, dated, or recorded.
A river gradually deposits soil on Jane's land. This is an example of...
If you discover that someone has been on your property for four years, you can stop that person from acquiring the property be adverse possession by...
being sure that you timely pay the property taxes on the property and/or immediately sending the trespasser a letter giving him or her the right to stay on your property for another two years.
After acquired interests are conveyed with...
grant deeds and warranty deeds.
One who inherits a house has received a...
A quitclaim deed...
warrants nothing but is used to clean any cloud on title.
Anne is selling her house to Betty. Betty will acquire title at the time...