CA Real Estate Exam Questions and Answers

Covenant of warranty A promise in a deed that the grantor will guarantee and defend the title against lawful claimants. They're dividing the property proportionally so that each co-owner becomes sole owner of a portion. When co-owners of a property decide to partition the property, what does it mean? Preliminary report Which document is used to give a buyer an overview of the title history and information about what is or isn't covered in an insurance policy? Joint Tenancy Which ownership type is defined by four unities: time, title, interest, and possession? MARIA method of annexation, adaptability of item, relationship of the parties, intention in item placement, and agreement of the parties General lien against real and personal property Freehold estate free of an end date Disposition right to convey property Townhouse vs condo townhouse own land but condo don/t own land. But with condo you get shared common area Escheat The deceased must lack a will, heirs, and creditors. Property taxes paid on a bought home It will be reassessed because of the transfer, and the new owner will be taxed at 1% of its current market value. No can a homeowner loose ownership of the property for violating a deed restriction? Sex The Housing and Community Development Act of 1974 added which protected class to federal fair housing law? Conversion commingling, but when the money stored with personal funds is spent.