Estates, transfers, and titles Flashcards Preview

Texas Real Estate Principles II > Estates, transfers, and titles > Flashcards

Flashcards in Estates, transfers, and titles Deck (9)
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1

If the covenant of seisin is broken:

The grantee, the buyer, may recover damages from the seller for up to the full price of the property.

2

Corporations can convey real estate only by:

The authority granted in the corporate bylaws
Resolution of the corporation's board of directors.

3

Documents properly recorded in proper location is specifically referred to as ___ of a particular individual's rights or interests in the property

constructive notice

4

Issues, such as constructive notice, that draws a conclusion that a person has received an effective notice whether they actually have or not, is called a __?

Legal fiction

5

A marketable title is a property title that is:

Considered free from defect and therefor the possibility of litigation is eliminated.

6

Items, such as inheritance taxes, are not recorded with the county clerk, even though they are considered to be ___, as well.

Liens

7

The best way to avoid a quiet title action when purchasing a property is:

To rely on a title company to do a title search to confirm a property's legal owner and check for claims against the property.

8

A __ requires that a seller swear under oath that no easements have been granted on the property and that no material change exists in the structures, fences, structures on adjoining properties, conveyances, or replats.

T-47 affidavit

9

The following are all freehold estates, except:

A leasehold.

A freehold estate in land is one that involves the right of ownership. Freehold estates are those of indeterminable length, that list for a lifetime or forever.