46. Which of the following would be used to clear a defect from the title records?
A. a lis pendens
B. an estoppel certificate
C. a suit to quiet title
D. a writ of attachment
Give this one a try later!
C. A owner might bring a "quiet title" action to correct a minor mistake in the
property description or to remove an easement that's been unused for
years. Additionally, they are used when a third party tries to asset some
right to the property through a dubious claim. The suit "quiets the mouth" of
that person and establishes a clear title.
47. A bill of sale is used to transfer the ownership of what?
A. real property
,B. fixtures
C. personal property
D. appurtenances
Give this one a try later!
C. Personal property differs from "real property" in a number of respects,
most importantly its portability. Cars, furniture, clothing, paintings, jewelry,
appliances and just about any other non-food item one buys are examples
of personal property.
38. The title to real estate passes when a valid deed is:
A. signed and recorded.
B. delivered and accepted.
C. filed and microfilmed.
D. executed and mailed.
Give this one a try later!
B. Fundamentally, real estate transactions only involve two parties--the
buyer and the seller. All that's necessary to create a legal sale is for one
party to make an offer the other accepts. Recording, escrow, real estate
licensees, mortgage companies and the like facilitate and support the
transaction process but are not requirements of a legal sale.
8. Personal property includes all of the following EXCEPT:
A. chattels.
B. fructus industriales.
C. emblements.
D. fixtures.
Give this one a try later!
, D. Chattel" is a legal term that means personal property. Emblements and
fructus industriales refer to profit from crops that are grown as a result of a
person's labor, such as corn, as opposed to those that occur naturally, such
as grass or minerals. By the custom of English common law, they are
considered personal property. By contrast, a fixture is considered attached
to a property and thus part of the structure.
39. The primary purpose of a deed is to:
A. Prove ownership.
B. Transfer title rights.
C. Give constructive notice.
D. Prevent adverse possession.
Give this one a try later!
B. A deed is the instrument by which ownership of a property is transferred
from one person to another, while a title is evidence of that ownership.
104. Kristin is the agent for a family estate that includes one condominium property
with a history of violent crime. In addition, the resident of the unit died from AIDS.
New Jersey law requires which disclosure responsibilities of Kristin, as the agent for
the property?
A. She must disclose both the crime and the AIDS death.
B. She is not required by law to disclose either the crime or the AIDS death.
C. She is prohibited by aw from disclosing either event.
D. She does not have to disclose the crime, but she must disclose the AIDS-related
death.
Give this one a try later!
, B. In New Jersey, an agent is not required to disclose either. Discussion of
the AIDS-related death is prohibited by federal fair housing laws, and New
Jersey state law does not cover stigmatized properties.
95. Dan is house shopping and contacts a real estate office. He tells the agent, John,
that he is interested in the area but is not ready to sign any agreements just yet. John
can be helpful and accommodating with many actions except which one of the
following.
A. John can provide information on mortgage interest rates and terms.
B. John can explain to Dan about buyer agency seller agency, and dual agency.
C. John can prequalify Dan for a mortgage.
D. John can provide information on properties for sale in the area.
Give this one a try later!
C. John cannot obtain confidential information about Dan without first
entering into a buyer agency relationship. Thus, John may NOT prequalify
Dan for a mortgage.
13. Homeowner Ginny acquired the ownership of land that was deposited by a river
running through her property by:
A. reliction.
B. succession.
C. avulsion.
D. accretion.
Give this one a try later!
D. Accretion means the addition to a parcel of land by sand or soil deposits
due to the action of a river or other body of water over time. Avulsion refers
A. a lis pendens
B. an estoppel certificate
C. a suit to quiet title
D. a writ of attachment
Give this one a try later!
C. A owner might bring a "quiet title" action to correct a minor mistake in the
property description or to remove an easement that's been unused for
years. Additionally, they are used when a third party tries to asset some
right to the property through a dubious claim. The suit "quiets the mouth" of
that person and establishes a clear title.
47. A bill of sale is used to transfer the ownership of what?
A. real property
,B. fixtures
C. personal property
D. appurtenances
Give this one a try later!
C. Personal property differs from "real property" in a number of respects,
most importantly its portability. Cars, furniture, clothing, paintings, jewelry,
appliances and just about any other non-food item one buys are examples
of personal property.
38. The title to real estate passes when a valid deed is:
A. signed and recorded.
B. delivered and accepted.
C. filed and microfilmed.
D. executed and mailed.
Give this one a try later!
B. Fundamentally, real estate transactions only involve two parties--the
buyer and the seller. All that's necessary to create a legal sale is for one
party to make an offer the other accepts. Recording, escrow, real estate
licensees, mortgage companies and the like facilitate and support the
transaction process but are not requirements of a legal sale.
8. Personal property includes all of the following EXCEPT:
A. chattels.
B. fructus industriales.
C. emblements.
D. fixtures.
Give this one a try later!
, D. Chattel" is a legal term that means personal property. Emblements and
fructus industriales refer to profit from crops that are grown as a result of a
person's labor, such as corn, as opposed to those that occur naturally, such
as grass or minerals. By the custom of English common law, they are
considered personal property. By contrast, a fixture is considered attached
to a property and thus part of the structure.
39. The primary purpose of a deed is to:
A. Prove ownership.
B. Transfer title rights.
C. Give constructive notice.
D. Prevent adverse possession.
Give this one a try later!
B. A deed is the instrument by which ownership of a property is transferred
from one person to another, while a title is evidence of that ownership.
104. Kristin is the agent for a family estate that includes one condominium property
with a history of violent crime. In addition, the resident of the unit died from AIDS.
New Jersey law requires which disclosure responsibilities of Kristin, as the agent for
the property?
A. She must disclose both the crime and the AIDS death.
B. She is not required by law to disclose either the crime or the AIDS death.
C. She is prohibited by aw from disclosing either event.
D. She does not have to disclose the crime, but she must disclose the AIDS-related
death.
Give this one a try later!
, B. In New Jersey, an agent is not required to disclose either. Discussion of
the AIDS-related death is prohibited by federal fair housing laws, and New
Jersey state law does not cover stigmatized properties.
95. Dan is house shopping and contacts a real estate office. He tells the agent, John,
that he is interested in the area but is not ready to sign any agreements just yet. John
can be helpful and accommodating with many actions except which one of the
following.
A. John can provide information on mortgage interest rates and terms.
B. John can explain to Dan about buyer agency seller agency, and dual agency.
C. John can prequalify Dan for a mortgage.
D. John can provide information on properties for sale in the area.
Give this one a try later!
C. John cannot obtain confidential information about Dan without first
entering into a buyer agency relationship. Thus, John may NOT prequalify
Dan for a mortgage.
13. Homeowner Ginny acquired the ownership of land that was deposited by a river
running through her property by:
A. reliction.
B. succession.
C. avulsion.
D. accretion.
Give this one a try later!
D. Accretion means the addition to a parcel of land by sand or soil deposits
due to the action of a river or other body of water over time. Avulsion refers
