Gold Coast Florida Real Estate Exam Questions With Answers Latest 2024 (Graded A+)
Gold Coast Florida Real Estate Exam Questions With Answers Latest 2024 (Graded A+) Constructive Notice also called legal notice, is achieved by - Answer- recording documents in the public records. Marketable or merchantable title is title in - Answer- fee simple that is free from litigation and defects A search of the public records, linking all past owners of a parcel of land, from the root of the title to the present day, is called - Answer- chain of title or an Abstract When an attorney conducts such a review and renders an opinion, it is called an - Answer- opinion of title Title Insurance Provides protection against losses as the result of a - Answer- defective title. The policy is not - Answer- transferrable Transferring or conveying ownership from one party to another is called - Answer- "alienation of title". Alienation may be - Answer- voluntary or involuntary. Define a Public Grant - Answer- Transfer of title from the government to an individual Define a Deed - Answer- A document that conveys title from one party to another Define a Will - Answer- A document that provides for the transfer of title upon death Define Adverse Possession - Answer- A legal principle under which an owner may lose title to another person who has taken control of the property. In adverse possession, the person taking possession must enter into - Answer- -Open -Adverse -Hostile -Exclusive -For 7 years Define Estoppell - Answer- A legal principle under which ownership may be lost because of the owner's failure to provide public notice of ownership. Eminent Domain - Answer- The government's right to take private property for public benefit Escheat - Answer- Reversion of property to the state if someone dies intestate and with no heirs Transferring or conveying ownership from one party to another is called - AnswerAlienation of Title Alienation of title is accomplished by executing a document called a - Answer- deed. Clauses in Deeds
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