WRA TEST BANK COMPLETE QUESTIONS
AND SOLUTIONS ALREADY GRADED A+
●● Chain of Title
Answer: Chronological record of a property's ownership.
●● Specific Lien
Answer: A claim against a piece of property.
●● Gap Endorsement
Answer: When a title company will provide coverage for liens that occur
between the title commitment and the recording of the deed.
●● Warranty Deed
Answer: A deed in which the grantor warrants clear title to the property.
●● Personal Representative's Deed
Answer: A deed used by a personal representative when conveying
property from an estate.
●● Recording
,Answer: A written instrument affecting any estate, right, title, or interest
in land that is recorded in the public records in the county where the land
is located.
●● Abstract of Title
Answer: A condensed history of a property's title showing, in
chronological sequence, matters such as conveyances, liens, and
encumbrances that have been recorded against the title in the office of
the register of deeds or other public recording place.
●● Encroachment
Answer: To advance upon, or trespass upon the property of another as in
the extension of some improvement or object across the boundary of a
neighboring tract.
●● Dominant Estate/Tenement
Answer: A party to an easement who received an easement right to use
another's property.
●● Gap Period
Answer: The time between the effective date of a title commitment and
the recording of the owner's interest.
●● Constructive Notice
,Answer: Knowledge that the law presumes a person has because of
documents that have been recorded as a matter of public record.
●● Equitable Title
Answer: The right to obtain absolute ownership of a property when legal
title is held in another's name.
●● General Lien
Answer: A claim on both real and personal property owned by an
individual.
●● Lis Pendens
Answer: A notice filed on public record to give constructive notice that a
property is in litigation and there may be a forthcoming lien.
●● Use-value Assessment
Answer: A method of assessing Wisconsin agricultural land for property
tax purposes.
●● Easement in Gross
Answer: An interest to use another's land that usually ends with the
death of the grantee or transfer of property.
●● Deed
, Answer: A document that transfers ownership of title.
●● Encumbrance
Answer: Any claim against a property that may diminish its value.
●● Lien
Answer: A legal right to place a claim or encumbrance on property or
have it sold for payment of a debt.
●● Appurtenant Easement
Answer: An easement that exists between two adjacent property owners
where one is the dominant estate and the other is the servient estate.
●● Title Insurance Policy
Answer: An insurance policy that protects the insured against loss or
defects that may occur in the title.
●● Ad Valorem
Answer: Latin for according to valuation.
●● Easement by Necessity
Answer: An easement that is acquired through the operation of law
allowing a purchaser of land ingress and egress.
AND SOLUTIONS ALREADY GRADED A+
●● Chain of Title
Answer: Chronological record of a property's ownership.
●● Specific Lien
Answer: A claim against a piece of property.
●● Gap Endorsement
Answer: When a title company will provide coverage for liens that occur
between the title commitment and the recording of the deed.
●● Warranty Deed
Answer: A deed in which the grantor warrants clear title to the property.
●● Personal Representative's Deed
Answer: A deed used by a personal representative when conveying
property from an estate.
●● Recording
,Answer: A written instrument affecting any estate, right, title, or interest
in land that is recorded in the public records in the county where the land
is located.
●● Abstract of Title
Answer: A condensed history of a property's title showing, in
chronological sequence, matters such as conveyances, liens, and
encumbrances that have been recorded against the title in the office of
the register of deeds or other public recording place.
●● Encroachment
Answer: To advance upon, or trespass upon the property of another as in
the extension of some improvement or object across the boundary of a
neighboring tract.
●● Dominant Estate/Tenement
Answer: A party to an easement who received an easement right to use
another's property.
●● Gap Period
Answer: The time between the effective date of a title commitment and
the recording of the owner's interest.
●● Constructive Notice
,Answer: Knowledge that the law presumes a person has because of
documents that have been recorded as a matter of public record.
●● Equitable Title
Answer: The right to obtain absolute ownership of a property when legal
title is held in another's name.
●● General Lien
Answer: A claim on both real and personal property owned by an
individual.
●● Lis Pendens
Answer: A notice filed on public record to give constructive notice that a
property is in litigation and there may be a forthcoming lien.
●● Use-value Assessment
Answer: A method of assessing Wisconsin agricultural land for property
tax purposes.
●● Easement in Gross
Answer: An interest to use another's land that usually ends with the
death of the grantee or transfer of property.
●● Deed
, Answer: A document that transfers ownership of title.
●● Encumbrance
Answer: Any claim against a property that may diminish its value.
●● Lien
Answer: A legal right to place a claim or encumbrance on property or
have it sold for payment of a debt.
●● Appurtenant Easement
Answer: An easement that exists between two adjacent property owners
where one is the dominant estate and the other is the servient estate.
●● Title Insurance Policy
Answer: An insurance policy that protects the insured against loss or
defects that may occur in the title.
●● Ad Valorem
Answer: Latin for according to valuation.
●● Easement by Necessity
Answer: An easement that is acquired through the operation of law
allowing a purchaser of land ingress and egress.
