Legal Aspects of Real Estate Ch 9 Quiz
UPDATED ACTUAL Exam Questions and
CORRECT Answers
What must a seller listing agent complete yet there's an actual knowledge of a property being in a
natural hazards zone - CORRECT ANSWER - A natural hazards disclosure statement
What percentage of the gross sales priced must eBay or withhold and send to the Iris at the seller
of real property is a foreign person - CORRECT ANSWER - 15%
What is a map, drawn to scale, of the division of land - CORRECT ANSWER - A plat
What is a legal written instrument used by an owner to transfer title to real estate voluntarily to
another party - CORRECT ANSWER - A deed
What describes someone who enters, occupies and uses another's property without the
knowledge or consent of the owner, or with the knowledge of an owner who fails to take any
action over a statutory period of time - CORRECT ANSWER - An adverse possessor
If a deceit it die with a valid will, he or she is said to have died - CORRECT ANSWER -
testate
What is a court proceeding that generally settles a decedent's estate, whether the person died
testate or intestate - CORRECT ANSWER - probate
What results when I guarantee has obtained defective title or received title by defective means
but occupies the property as if he or she were the legal owner - CORRECT ANSWER -
Color of title
What is a form that describes the physical condition of a property, including the presence and
working condition of appliances and other features, any defects or issues with the physical
UPDATED ACTUAL Exam Questions and
CORRECT Answers
What must a seller listing agent complete yet there's an actual knowledge of a property being in a
natural hazards zone - CORRECT ANSWER - A natural hazards disclosure statement
What percentage of the gross sales priced must eBay or withhold and send to the Iris at the seller
of real property is a foreign person - CORRECT ANSWER - 15%
What is a map, drawn to scale, of the division of land - CORRECT ANSWER - A plat
What is a legal written instrument used by an owner to transfer title to real estate voluntarily to
another party - CORRECT ANSWER - A deed
What describes someone who enters, occupies and uses another's property without the
knowledge or consent of the owner, or with the knowledge of an owner who fails to take any
action over a statutory period of time - CORRECT ANSWER - An adverse possessor
If a deceit it die with a valid will, he or she is said to have died - CORRECT ANSWER -
testate
What is a court proceeding that generally settles a decedent's estate, whether the person died
testate or intestate - CORRECT ANSWER - probate
What results when I guarantee has obtained defective title or received title by defective means
but occupies the property as if he or she were the legal owner - CORRECT ANSWER -
Color of title
What is a form that describes the physical condition of a property, including the presence and
working condition of appliances and other features, any defects or issues with the physical
