Chapter 3 Transfer of Title to Real Property Flashcards Preview

California Real Estate Principles 2017 > Chapter 3 Transfer of Title to Real Property > Flashcards

Flashcards in Chapter 3 Transfer of Title to Real Property Deck (20)
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1

The power of the government to take private property for public use is called:

eminent domain.

2

In California, a successful lawsuit for ownership of property by adverse possession requires

1. hostile possession.
2. actual, open, and notorious possession.
3. continuous and uninterrupted possession for a minimum of five years.

3

A cloud on a title is a:

Title Defect

4

Lenders generally insist that __________ title policy be purchased in their behalf by borrowers.

an ALTA extended

5

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

intestate.

6

When a body of water gradually recedes, creating additional exposed land that becomes the real property of adjacent property owners, the process is referred to as:

reliction.

7

The transfer of real property must include:

1. a valid deed.
2. delivery and acceptance of the deed.

8

The property of a person who dies intestate and has no known heirs will:

escheat to the state.

9

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

Land Patent.

10

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

Grant Deed.

11

A buyer of real property receiving a deed from the seller is also known as the:

grantee.

12

In the event of a judicial foreclosure sale, the deed used to transfer title to the highest bidder is a:

Sheriff's Deed.

13

A standard coverage title policy insures (name two):

1. someone holding an option on the property.
2. forgery

14

Three essential elements for a valid deed?

1. The deed has an adequate description of the property being transferred.
2. The deed contains the names of the grantor and grantee.
3. The deed must be delivered to the grantee.

15

The process whereby constructive notice of the interest one has in real property is given to the world is called:

recording.

16

The process of enlargement of riparian or littoral land by deposits of alluvium is known as:

accretion.

17

A cloud on a title is most often removed by a:

Quit Claim Deed.

18

In order to convey title to real property, every deed must have a:

granting clause.

19

The process of transferring real property from one individual to another is known as:

alienation.

20


A condensed list of all owners of record of a particular parcel of real property is known as:

abstract of title.