Chapter 8: Estates, Transfers, and Title - Principles of
Real Estate 2 – Champions Questions and Answers
with Complete Solutions
Title - ANSWER Evidence of an individual's right to possess land
most often transferred from one owner to another by deed.
Clear Title - ANSWER Title that can be transferred to another
Marketable Title - ANSWER Title that a reasonable buyer would accept
as clear.
Equitable Title - ANSWER An interest created by a legal document, such
as that held by a buyer with a signed sales contract, who has not yet
gone to closing
Deed - ANSWER Document that conveys an interest in real estate from
one party to another
Patent - ANSWER Original conveyance of land by the sovereign is done
with document
Real Estate 2 – Champions Questions and Answers
with Complete Solutions
Title - ANSWER Evidence of an individual's right to possess land
most often transferred from one owner to another by deed.
Clear Title - ANSWER Title that can be transferred to another
Marketable Title - ANSWER Title that a reasonable buyer would accept
as clear.
Equitable Title - ANSWER An interest created by a legal document, such
as that held by a buyer with a signed sales contract, who has not yet
gone to closing
Deed - ANSWER Document that conveys an interest in real estate from
one party to another
Patent - ANSWER Original conveyance of land by the sovereign is done
with document
