ACTUAL EXAM PAPER 2026 COMPLETE
QUESTIONS AND CORRECT SOLUTIONS
LATEST UPDATED
⩥ Warranty Deed. Answer: Offers the greatest protection that a deed can
give.
⩥ Special Warranty Deed (Limited warranty deed). Answer: 1) Owner
warrants only that he has not done harm to the title
2) Covers only the period of time when the sellers owner the property.
⩥ Quitclaim Deed. Answer: The seller agrees to convey whatever
interest, IF ANY, they have in the property.
⩥ The reason a deed is recorded is. Answer: for protection against a
third party.
⩥ Elements necessary to a valid deed:. Answer: 1) signed &
acknowledged by grantor
2) Lists marital status of the grantor
3) Use words of conveyance - also called a granting clause
4) Names & addresses of grantees
, 5) Acknowledged by Grantor in front of Notary Public
6) Signed in front of two witnesses (in most states)
7) Legal description
8) Delivery & acceptance of deed
⩥ Lot & Block System. Answer: Subdivision
⩥ Township. Answer: 36 Square Miles
⩥ Eminent Domain. Answer: The RIGHT of the government to
condemn & take the property.
⩥ Condemnation. Answer: The PROCESS of the government taking a
property by eminent domain.
⩥ Escheat. Answer: The state takes property upon an owners death if
there is no will & no heirs exist.
⩥ Adverse Possession. Answer: A person takes possession & use of a
property belonging to another. Possession must be open, notorious,
hostile & uninterrupted for a certain period of time.
⩥ Abstract of Title. Answer: A complete history of ownership.