NY REAL ESTATE EXAM QUESTIONS AND WELL
VERIFIED ANSWERS [GRADED A+] ACTUAL EXAM
100%
Which of these would void a deed intended to convey property?
The grantee is not mentally competent.
The grantee's signature is not acknowledged.
The grantor is not mentally competent.
The transfer includes no monetary consideration. - ✔✔The grantor is not mentally
competent.
What is the best description of a deed?
- A covenant
- A document to transfer ownership/interest in real estate
- An abstract of title
- A recording fee - ✔✔A document to transfer ownership/interest in real estate
Wilma died without a will. How will her heirs be determined?
- A committee appointed by the court
- Intestate bequest
- Intestate succession
- The process of escheat - ✔✔Intestate succession
Shana received a devise from her mother. What might this be?
- A written message
,- Her mother's car
- Her mother's farm
- Her mother's jewelry - ✔✔Her mother's farm
Your aunt bequeathed you her property in her will, but you never received it. Instead,
the property went to pay her tax bill. Is this legal?
-No, never
-Not if there were other heirs
-Yes, due to operation of law
-Yes, if the will wasn't witnessed - ✔✔Yes, due to operation of law
What deed warranty guarantees that the seller is the actual owner of the property being
conveyed?
Covenant against encumbrances
Covenant of further assurance
Covenant of quiet enjoyment
Covenant of seisin - ✔✔Covenant of seisin
In what type of deed would you find the phrase "quits any and all claims to said
premises"?
Quitclaim deed
Special deed
Special warranty deed
Warranty deed - ✔✔Quitclaim deed
, A legal description can contain ______.
County clerk's name
Developer's name
Metes and bounds
Title abstract - ✔✔Metes and bounds
Which of these statements accurately represents one of the required elements in a
deed?
The deed includes an act of conveyance.
The grantee must be legally competent.
The grantee must be of legal age.
The grantee must sign the deed and provide consideration. - ✔✔The deed includes
an act of conveyance.
You're trying to locate the northwest corner of a recently surveyed 10-acre property you
will be listing for sale. The deed tells you that this corner is marked with a monument.
What are you looking for?
An iron rod with a surveyor's cap
An "X" painted on the ground
A rock with a surveyor's mark etched in it
A small copper sign labeled "monument" - ✔✔An iron rod with a surveyor's cap
VERIFIED ANSWERS [GRADED A+] ACTUAL EXAM
100%
Which of these would void a deed intended to convey property?
The grantee is not mentally competent.
The grantee's signature is not acknowledged.
The grantor is not mentally competent.
The transfer includes no monetary consideration. - ✔✔The grantor is not mentally
competent.
What is the best description of a deed?
- A covenant
- A document to transfer ownership/interest in real estate
- An abstract of title
- A recording fee - ✔✔A document to transfer ownership/interest in real estate
Wilma died without a will. How will her heirs be determined?
- A committee appointed by the court
- Intestate bequest
- Intestate succession
- The process of escheat - ✔✔Intestate succession
Shana received a devise from her mother. What might this be?
- A written message
,- Her mother's car
- Her mother's farm
- Her mother's jewelry - ✔✔Her mother's farm
Your aunt bequeathed you her property in her will, but you never received it. Instead,
the property went to pay her tax bill. Is this legal?
-No, never
-Not if there were other heirs
-Yes, due to operation of law
-Yes, if the will wasn't witnessed - ✔✔Yes, due to operation of law
What deed warranty guarantees that the seller is the actual owner of the property being
conveyed?
Covenant against encumbrances
Covenant of further assurance
Covenant of quiet enjoyment
Covenant of seisin - ✔✔Covenant of seisin
In what type of deed would you find the phrase "quits any and all claims to said
premises"?
Quitclaim deed
Special deed
Special warranty deed
Warranty deed - ✔✔Quitclaim deed
, A legal description can contain ______.
County clerk's name
Developer's name
Metes and bounds
Title abstract - ✔✔Metes and bounds
Which of these statements accurately represents one of the required elements in a
deed?
The deed includes an act of conveyance.
The grantee must be legally competent.
The grantee must be of legal age.
The grantee must sign the deed and provide consideration. - ✔✔The deed includes
an act of conveyance.
You're trying to locate the northwest corner of a recently surveyed 10-acre property you
will be listing for sale. The deed tells you that this corner is marked with a monument.
What are you looking for?
An iron rod with a surveyor's cap
An "X" painted on the ground
A rock with a surveyor's mark etched in it
A small copper sign labeled "monument" - ✔✔An iron rod with a surveyor's cap
