Chapter 3 - Transfer of Title to Real Property Flashcards Preview

Real Estate Principles - CA > 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 transfer of real property must include:

  • -delivery and acceptance of the deed
  • -recording of the deed
  • -a valid deed

-delivery and acceptance of the deed

-a valid deed

2

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

abstract of title

3

A standard coverage title policy insures against all of the following except:

  • someone other than the grantor having a recorded ownership interest in the property
  • someone holding an option on the property
  • an adverse possessor
  • forgery

EXCEPT: -an adverse possessor

4

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

Grant Deed

5

Lenders generally insist that ___ title policy be purchased in their behalf by borrowers:

an ALTA extended

6

Which one of the following is NOT an essential element for a valid deed?

  • - The deed has an adequate description of the property being transferred.
  • - the deed includes the property tax history
  • - the deed contains the names of the grantor and grantee
  • - the deed must be delivered to the grantee

NOT an essential element: - the deed includes the property tax history.

7

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

accretion

8

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

recording

9

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

escheat to the state

10

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

grantee

11

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

granting clause

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

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

alienation

14

a cloud on a title is most often removed by a

quit claim deed

15

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

land patent

16

in California, a successful lawsuit for ownership of property by adverse possession requires all of the following, except:

  • -actual, open, and notorious possession
  • -continuous and uninterrupted possession for a minimum of five years
  • - hostile possession
  • - the adverse possessor must have received permission from the owner to use the land

EXCEPT: - the adverse possessor must have received permission from the owner to use the land

17

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

eminent domain

18

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

reliction

19

a cloud on a title is a

title defect

20

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

intestate