1. What type of ownership has definite rights of survivorship?
A. Joint tenancy
C. Severalty
B. Tenancy
in common
D. Community property
2. A woman CANNOT receive title to real property by:
A. a gift deed
C. adverse possession
B. a patent
D. escheat
3. A written instrument that conveys and evidences title is called a(n):
A. will
C. transfer
B. deed
D. implied warranty
4. What distinguishes a will from other types of property transfers?
A. It allows for the transfer of more property
C. It only becomes effective at death
B. It creates a present interest in property
D. None of the above
5. How many minimum days’ notice is required in California by either party before an “estate at will” (rental agreement) can be terminated?
A. 15
C. 29
B. 1
D. 30
6. Property acquired by a husband and wife during marriage and is split 50/50 is called:
A. community property
C. tenancy in common
B. joint tenancy property
D. all of the above
7. Grantor C conveys a large house and land to his daughter and son-in-law to be theirs as long as they are married. One year later they are divorced. What happens to the property?
A. The daughter acquires it
C. It reverts back to C
B. The son-in-law acquires it
D. The couple must sell it
8. A property owner living on a river bank acquires land due to the shifting of the river. This process is called:
A. succession
C. encroachment
B. accretion
D. none of the above
9. Time, title, interest and possession are the four essential unities of a:
A. tenancy in common
C. partnership
B. joint tenancy
D. corporation
10. In a real estate transaction, the grantor is the:
A. buyer
C. renter
B. seller
D. Iender
11. Through the process of escheat, the deceased’s property passes to:
A. his or her heirs
C. the state
B. his or her creditors
D. the local county
12. Someone using another person’s land continuously, without paying any property taxes, might qualify to obtain an easement, or legal right to use the land, according to:
A. accession
C. adverse possession
B.
prescription
D. Murphy’s Law
13. Which type of will requires NO witnesses?
A. Living trust
C. Holographic
B. Statutory
D. All of the above
14. Which of the following statements is FALSE?
A. A trust deed is an instrument used to transfer real property.
B. A gift deed is an instrument granting a gift out of love and affection.
C. A tax deed is the deed given to the buyer when a property is sold
for past due property taxes.
D. A sheriff’s deed is the deed given to the purchaser at a court required
sale.
15. A deed does NOT take effect until it is:
A. signed
C. notarized
B. delivered
D. all of the above
16. Which of the following is a document conveying title with NO warranties, expressed or implied?
A. Grant deed
C. Holographic
will
B. Quitclaim deed
D. All of the above
17. Of the following, which is NOT true of a grant deed?
A. It is used primarily to clear a “cloud on title” from the records
B. It warranties that the owner has not conveyed title to any other
person
C. It warranties that the property being conveyed is free from any
undisclosed encumbrances
D. It conveys any “afteracquired” title
18. With a life estate, the ownership interest is limited to the:
A. economic life of the property
C. Iife of any designated person or persons
B. Iife of the grantor
D. any of the above
19. “The right to use a property for a specific period of time” describes a(n):
A. Iife estate
C. freehold estate
B. Less-than-freehold estate
D. all of the above
20. What differentiates an estate for years from an estate from period-to-period is that an estate for years:
A. is a renewable agreement
C. can be terminated at any time
B. is for a fixed period of time
D. is from year-to-year