Ch. 4 Exam Questions Flashcards Preview

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Flashcards in Ch. 4 Exam Questions Deck (18)
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1
Q

The process of transferring Real Property from one individual to another is known as:

A

Alienation.

2
Q

In Nevada, the most common document used to transfer title to real property is a:

A

Grant, bargain and sale deed.

3
Q

The government transfers title of government owned land to private owners by way of a:

A

Land patent.

4
Q

A cloud on a title is often he removed by the execution of a:

A

Quit claim deed

While a suit for quiet title may be file to remove the cloud, the most often used method of removal is by execution of a quit claim deed.

5
Q

Which one of the following deeds will be used for a court ordered foreclosure?

A

A sheriffs deed is used to transfer property to the highest better at a court ordered foreclosure sale.

6
Q

The words required to convey title are known as the:

A

Granting clause.

In order to convey title to real property, every deed must have a granting clause. The granting clause contains the actual words of conveyance.

7
Q

The transfer of real property must include:

A

A valid deed and delivery and acceptance of the deed.

A deed does not have to be recorded in order for the transfer to be effected.

8
Q

The purchaser who acquires clear title from the seller is the:

A

Grantee.

9
Q

The right of the government to take private property for public use is known as:

A

Eminent domain.

10
Q

A person who dies without a valid will is said to have died:

A

Intestate.

To die with a valid will is to die testate.

11
Q

Which one of the following statements best describes a cloud on title?

A

Any condition or defect that will affect the ability to convey clear title.

12
Q

A listing of all owners of record for a particular parcel of real property is known as:

A

A chain of title.

A complete listing of all interest in a property is called a chain of title. A condensed version is known as an abstract of title.

13
Q

In Nevada, a successful adverse possession lawsuit requires all of the following, except:

A

The adverse possessor must not have paid any property taxes on the property adversely possessed during the period of possession.

An adverse possessor must have continuous and uninterrupted possession for a minimum of five years, actual, open, and notorious possession, hostile possession, and must have paid property taxes on the property adversely possessed.

14
Q

The gradual and imperceptible addition of soil to a riparian or littoral property is known as:

A

Accretion.

15
Q

The gradual increase in riparian or littoral land by the recession of water is known as:

A

Reliction.

16
Q

Which one of the following gives constructive notice of an interest in real property?

A

Recording.

17
Q

Which one of the following will not transfer an interest in real property?

A

Bill of sale.

A bill of sale transfers ownership of personal property, not Real Property.

18
Q

If no errors can be found, the property of an intestate person will:

A

Escheat to the state.