FS test questions with 100% correct answers 2024/2025

FS testA grantor and grantee are in the closing stages of the transfer of real property. A third party holds a grant that will be delivered only when all of the conditions for the transfer are complete. Which of the following terms describes the third party? - correct answer an escrow agent The grantor place is the deed with an escrow agent to be held until all conditions of the sale contract are fulfilled. When the public good is involved and adequate compensation is offered, private party may be taken for public use under what principle? - correct answer eminent domain What type of evidence is usually NOT admissible in court to cure a patent ambiguity in a deed? - correct answer parol evidence Which of the following terms includes unpaid taxes, mortgages, easements, leases, and liens? - correct answer encumbrances The term fee simple absolute describes a type of estate in real property. Which phrase defines the idea further? - correct answer The title is without limitations or conditions to the owner, his heirs, and assigns. Which of the following conditions is essential for the execution of a valid deed? - correct answer It must have a written or printed form. Which of the following is a revocable right in real property? - correct answer a license When an owner dies without a will or heir, the state becomes a proprietor under which feudal doctrine? - correct answer escheat