REAL ESTATE - L3 QUIZZES UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS

REAL ESTATE - L3 QUIZZES UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS

Question:
1. Deed that does not convey after-acquired title.
Answer:
Quitclaim Deed

Question:
2. Used to remove clouds from title.
Answer:
Quitclaim Deed

Question:
3. The most common type of deed in sales transactions.
Answer:
Warranty Deed

Question:
4. Limits warranties to period of time during which grantor owned property.
Answer:
Special Warranty Deed

Question:
5. Contains warranties against problems that may have predated the grantor's period of ownership.
Answer:
Warranty Deed

Question:
6. May be referred to as a reformation deed, if used to cure a defect.
Answer:
Quitclaim Deed

Question:
7. Transfers property from government into private hands.
Answer:
Patent

Question:
8. Deed that creates the greatest liability for the grantor.
Answer:
Warranty Deed

Question:
9. Deed that creates no liability for the grantor.

, Answer:
Quitclaim Deed

Question:
10. True or False The law presumes that a deed has been delivered and accepted if it is in the possession of
the grantor.
Answer:
False

Question:
11. True or False A valid deed must include words of conveyance.
Answer:
True

Question:
12. True or False A power of attorney document can authorize someone to sign a deed on behalf of a
grantor.
Answer:
True

Question:
13. True or False The "to have and to hold" clause in a deed is called the exclusions and reservations
clause.
Answer:
False

Question:
14. True or False To convey community real property, both spouses must sign the deed.
Answer:
True

Question:
15. True or False A deed that is not acknowledged will not transfer title to real property.
Answer:
False

Question:
16. True or False The consideration the grantee gives to the grantor in exchange for title to the property
must be stated in the deed.
Answer:
False

Question:
17. True or False Both the grantor and the grantee sign the deed.
Answer:
False