Delaware Salesperson Pre-Licensing Course Exam Prep Legal Descriptions, Title Matters, and Contracts Questions and Answers

Alienation Act of transferring interest in property Bound Physical feature that defines the boundaries of a property Chain of title Path of ownership over time Consideration Something of value (used to provide evidence that value is being exchanged in the transaction) Covenant of seisin Means the grantor holds the title specified in the deed Deed Legal document that transfers title from one party to another Form of deed that may come with or without warranty Bargain and sale deed Form of deed that provides the strongest, broadest guarantee of title Full covenant and warranty deed Form of legal description that divides land into townships and sections Rectangular government survey system Form of legal description that references a plat survey Lot and block Grantor Seller, one granting interest in the property Habendum clause Contains the phrase "to have and hold" How many sections are in a township? 36, each measuring one square mile Intestate Died without leaving a will Mete Direction and distance of a line forming the property's boundary Monument Permanent man-made or natural physical marker