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Real Estate Law Exam 3 Practice Questions & Verified Answers 2026–2027 Complete Study Guide

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Prepare for Real Estate Law Exam 3 with a comprehensive collection of practice questions and detailed answer explanations. This study guide reviews essential real estate law topics, including contracts, agency relationships, property ownership, title transfer, deeds, leases, financing, disclosures, fair housing laws, and other key legal principles. Ideal for course review, exam preparation, and reinforcing core real estate law concepts.

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Real Estate Law Exam 3 Practice Questions &
Verified Answers 2026–2027 Complete Study Guide

real estate closing - correct answers -the event at which the real estate contract is finally performed




avulsion - correct answers -the sudden removal of soil from a property owner's land that is deposited
upon another's land, by the action of water. the soil in such cases belongs to the owner from whose land
it is removed




accretion - correct answers -the slow addition to land by deposition of waterborne sediment. The land
so formed belongs to the owner upon whose property the deposit is made




reliction - correct answers -The gradual and imperceptible withdrawal of water from land. In a
permanent withdrawal the owner of the contiguous property acquires ownership of the dry land
created.




deed - correct answers -a written instrument used to convey real estate from one party to another




merger rule - correct answers -When the real estate contract merges into and is replaced by the deed.




general warranty deed - correct answers -A deed that conveys grantor's title and contains warranties of
title




special warranty deed - correct answers -A deed that conveys grantor's title but contains warranties
protecting only those title defects created by the grantor.




1

, quitclaim deed - correct answers -a deed conveying the grantor's interests




cloud on the title - correct answers -An outstanding claim or encumbrance which, if valid, would affect
or impair the owner's title.




bargain and sale deed - correct answers -in some states, a deed in which the grantee receives title but is
not considered an innocent purchaser for value, The grantee receives title but no warranties




grantor - correct answers -a transferor of property




capacity - correct answers -the mental ability to understand the nature and effect of one's acts




grantee - correct answers -the party to whom the deed conveys tittle




habendum clause - correct answers -The portion of a deed describing the ownership rights transferred.




government survey - correct answers -A standard rectangular system of describing land existing in the
majority of American states




township - correct answers -A square tract of land measuring six miles on each side and including 36
sections (formed by the crossing of range and township lines).




metes and bounds - correct answers -A way of describing land by listing the compass directions and
distances of the boundaries




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