Already Passed
Sometimes personal property is referred to as that which is immovable T/F - Answers False
The rights and privileges associated with land ownership are considered part of the real property T/F -
Answers True
When the property is sold, everything considered part of the real property is transferred to the buyer,
unless otherwise agreed T/F - Answers True
A landowner cannot sell any of the bundle of rights separately from the land T/F - Answers False
The only component of the real property is the land T/F - Answers False
Mineral rights associated with real property are always - Answers separable and divisible
Rights of way, easements, and water rights are classified as - Answers Appurtenances
To establish _____ water rights, one must apply to the state government for a permit - Answers
Appropriative
The support received by a parcel of land from the property adjoining it is called ___ support - Answers
Riparian
Water beneath the surface of the earth is called ___ water - Answers Ground
Property that is bordered by a lake rather than a river or stream is called - Answers Littoral
The support provided to the surface by the underlying earth is called ___ support - Answers Subjacent
Alienation - Answers is a general term that refers to all of the different methods by which real property
can be transferred from one person to another.
When title to property is lost but the property boundaries remain the same, it is:
Select your answer below:
A. acceleration
B. accretion
,C. alienation
D. avulsion - Answers C. alienation
What is the most common method of voluntary alienation?
It is also the document a private landowner uses to transfer real property to someone else - Answers
Deed
In a deed, the property owner is called the ______. - Answers grantor
The person the owner is transferring the property to is called the ______. - Answers grantee
The transfer of real property from the grantor to the grantee by means of a deed is referred to as a
_____. - Answers conveyance
A _____ is the document used to transfer title to personal property from a seller to a buyer. - Answers
bill of sale
What is the most common type of deed?
They are often referred to simply as warranty deeds. - Answers general warranty deed
With a general warranty deed, the grantor gives the grantee guarantees or warranties about the status
of the title to the property.
What are these warranties known as? - Answers covenants
What are the 5 basic covenants of a general warranty deed? - Answers Seisin, Right to convey, against
encumbrances, quiet enjoyment, warranty
With the covenant of ____, the grantor promises that she actually owns the interest that the deed is
conveying to the grantee. - Answers seisin
With the covenant of ____, the grantor promises that she has the right to convey the interest in
question to the grantee. - Answers right to convey
With the covenant ____, the grantor promises that there are no easements, liens, or other
encumbrances against the title that have not been disclosed to the grantee. - Answers against
encumbrances
The covenant of ____ is a promise that the grantee's possession of the property will not be disturbed by
the lawful claims of any third parties. - Answers quiet enjoyment
,In the covenant of ____, the grantor promises to defend the grantee's title against any claims superior
to the grantee's that exist at the time of conveyance. - Answers warranty
A buyer received a general warranty deed when she took title to a property. The seller's cousin showed
up several months later and claimed an ownership interest in the property. The buyer would be
protected against this claim by the general warranty deed's:
Select your answer below:
A. covenant against encumbrances
B. covenant of hostile enjoyment
C. covenant of seisin
D. covenant of freehold warranty - Answers C. covenant of seisin
A buyer accepts a general warranty deed from a seller, believing that the seller is the sole owner of the
property. The buyer later finds out that the seller is only a co-owner. Has a covenant in the general
warranty deed been violated?
Select your answer below:
A. No, the only covenant in a general warranty deed promises that the previous owner didn't encumber
the property
B. No, the principle of caveat emptor controls matters concerning a deed
C. Yes, there is a covenant providing equitable title
D. Yes, there is a covenant providing marketable title - Answers D. Yes, there is a covenant providing
marketable title
, A general warranty deed contains several covenants. Which one is not included?
Select your answer below:
A. Covenant of quiet enjoyment
B. Covenant of seisin
C. Covenant of warranty
D. Covenant to defend - Answers D. Covenant to defend
To be GUARANTEED of receiving good title at closing, a buyer should obtain a/an:
Select your answer below:
A. installment contract
B. quitclaim deed
C. general warranty deed
D. None of the above - Answers D. None of the above
A buyer is purchasing a parcel of property. She wants to take title in the way that will give her the
greatest protection. The buyer should receive a/an:
Select your answer below:
A. general warranty deed