BARNEY FLETCHER PRINCIPLES OF REAL ESTATE SECTION 2
STUDY GUIDE WITH COMPLETE SOLUTIONS 100% VERIFIED!!
marketable title - (ANSWER)A seller under a contract of sale is required to deliver _____ title, that is, a
title free from reasonable doubt as to who the owner is
title search - (ANSWER)consists of an examination of the public records usually performed by a title
company or abstractor
40 to 60 - (ANSWER)the title searcher begins the examination with the original source of title, or ___ to
___ years prior depending on local custom and circumstances
chain of title - (ANSWER)shows all changes in ownership; each owner is a link in the chain
cloud - (ANSWER)If a link in the chain of title is missing, a gap in the chain exists and there is a _____ on
the title
cloud - (ANSWER)Any document, claim, unreleased lien, or encumbrance that makes clear title doubtful
is a _____
the cloud is only a minor nuisance - (ANSWER)While the cloud remains, the owner is usually legally
unable to convey marketable title, unless __________
True - (ANSWER)Most incorporated cities and counties in the US have land records. T/F?
The Torrens System is the most common method of recording title in the US - (ANSWER)Each of the
following statements about title is true, except:
A. A seller who has title which is reasonably free from doubt has marketable title
B. A seller who has "color of title" has a defect against the title
C. The chain of title is the history of conveyanced and encumbrances of the property
D. The Torrens System is the most common method of recording title in the US
,BARNEY FLETCHER PRINCIPLES OF REAL ESTATE SECTION 2
STUDY GUIDE WITH COMPLETE SOLUTIONS 100% VERIFIED!!
False - (ANSWER)Constructive notice means that an individual has seen or been given actual information
or documents. T/F?
lack of a recorded certificate of title insurance - (ANSWER)Which is NOT a cloud on a title?
A. a valid first mortgage
B. a recorded contract for deed under which the buyer has defaulted but the contract has not been
removed
C. lack of a recorded certificate of title insurance
D. a recorded mortgage that has been paid in full but not released
Quitclaim deed - (ANSWER)All are voluntary methods of conveying property EXCEPT:
A. Quitclaim deed
B. Escheat
C. COndemnation
D. Adverse possession
Inquiry notice - (ANSWER)Fred is considering purchasing a vacant lot. He inspects the property and finds
a well-worn path across one side of the property. Fred would have what type of notice regarding a
possible easement across the property?
abstract of title - (ANSWER)a condensed history of title which shows the original owner of the land and
all subsequent transfers of any type as well as any encumbrances which might affect title
conduct title search - (ANSWER)Best way to determine if there are any encumbrances related to a
particular piece of property?
True - (ANSWER)Alienation refers to change of ownership, not just by a deed. T/F?
alienation - (ANSWER)to sell or convey title to property (conveyance of property)
, BARNEY FLETCHER PRINCIPLES OF REAL ESTATE SECTION 2
STUDY GUIDE WITH COMPLETE SOLUTIONS 100% VERIFIED!!
True - (ANSWER)Bare legal title lacks the usual rights and privileges of ownership. T/F?
Owner's title insurance - (ANSWER)What protects against defects in a title?
tacking - (ANSWER)the combining of two periods of adverse occupiers in an attempt to obtain ownership
through color of title
abstract of title - (ANSWER)a condensed history or summary of the documents affecting a property
Quitclaim deed - (ANSWER)All are involuntary methods of conveying property EXCEPT:
A. Quitclaim deed
B. Escheat
C. Condemnation
D. Adverse possession
title; property physically - (ANSWER)Two general types of encumbrances? affecting ______ and affecting
______
Liens - (ANSWER)Most common form of private limitations on title
deed restrictions; encroachments; easements - (ANSWER)Encumbrances affecting property physically?
(3)
deed restrictions/covenants/conditions/restrictions - (ANSWER)private agreements contained in a deed,
lease or will restricting the use and occupancy of real property
fee simple - (ANSWER)Buyers of property subject to deed restrictions are said to receive _____ title
subject to deed restrictions
STUDY GUIDE WITH COMPLETE SOLUTIONS 100% VERIFIED!!
marketable title - (ANSWER)A seller under a contract of sale is required to deliver _____ title, that is, a
title free from reasonable doubt as to who the owner is
title search - (ANSWER)consists of an examination of the public records usually performed by a title
company or abstractor
40 to 60 - (ANSWER)the title searcher begins the examination with the original source of title, or ___ to
___ years prior depending on local custom and circumstances
chain of title - (ANSWER)shows all changes in ownership; each owner is a link in the chain
cloud - (ANSWER)If a link in the chain of title is missing, a gap in the chain exists and there is a _____ on
the title
cloud - (ANSWER)Any document, claim, unreleased lien, or encumbrance that makes clear title doubtful
is a _____
the cloud is only a minor nuisance - (ANSWER)While the cloud remains, the owner is usually legally
unable to convey marketable title, unless __________
True - (ANSWER)Most incorporated cities and counties in the US have land records. T/F?
The Torrens System is the most common method of recording title in the US - (ANSWER)Each of the
following statements about title is true, except:
A. A seller who has title which is reasonably free from doubt has marketable title
B. A seller who has "color of title" has a defect against the title
C. The chain of title is the history of conveyanced and encumbrances of the property
D. The Torrens System is the most common method of recording title in the US
,BARNEY FLETCHER PRINCIPLES OF REAL ESTATE SECTION 2
STUDY GUIDE WITH COMPLETE SOLUTIONS 100% VERIFIED!!
False - (ANSWER)Constructive notice means that an individual has seen or been given actual information
or documents. T/F?
lack of a recorded certificate of title insurance - (ANSWER)Which is NOT a cloud on a title?
A. a valid first mortgage
B. a recorded contract for deed under which the buyer has defaulted but the contract has not been
removed
C. lack of a recorded certificate of title insurance
D. a recorded mortgage that has been paid in full but not released
Quitclaim deed - (ANSWER)All are voluntary methods of conveying property EXCEPT:
A. Quitclaim deed
B. Escheat
C. COndemnation
D. Adverse possession
Inquiry notice - (ANSWER)Fred is considering purchasing a vacant lot. He inspects the property and finds
a well-worn path across one side of the property. Fred would have what type of notice regarding a
possible easement across the property?
abstract of title - (ANSWER)a condensed history of title which shows the original owner of the land and
all subsequent transfers of any type as well as any encumbrances which might affect title
conduct title search - (ANSWER)Best way to determine if there are any encumbrances related to a
particular piece of property?
True - (ANSWER)Alienation refers to change of ownership, not just by a deed. T/F?
alienation - (ANSWER)to sell or convey title to property (conveyance of property)
, BARNEY FLETCHER PRINCIPLES OF REAL ESTATE SECTION 2
STUDY GUIDE WITH COMPLETE SOLUTIONS 100% VERIFIED!!
True - (ANSWER)Bare legal title lacks the usual rights and privileges of ownership. T/F?
Owner's title insurance - (ANSWER)What protects against defects in a title?
tacking - (ANSWER)the combining of two periods of adverse occupiers in an attempt to obtain ownership
through color of title
abstract of title - (ANSWER)a condensed history or summary of the documents affecting a property
Quitclaim deed - (ANSWER)All are involuntary methods of conveying property EXCEPT:
A. Quitclaim deed
B. Escheat
C. Condemnation
D. Adverse possession
title; property physically - (ANSWER)Two general types of encumbrances? affecting ______ and affecting
______
Liens - (ANSWER)Most common form of private limitations on title
deed restrictions; encroachments; easements - (ANSWER)Encumbrances affecting property physically?
(3)
deed restrictions/covenants/conditions/restrictions - (ANSWER)private agreements contained in a deed,
lease or will restricting the use and occupancy of real property
fee simple - (ANSWER)Buyers of property subject to deed restrictions are said to receive _____ title
subject to deed restrictions
