Học Thi Real Estate License ở California: Legal Descriptions, Methods of Acquiring Title, Deeds, Estates, and Methods of Holding Title (Part 2) 1. Which of the following does not have to be recorded to have effect? a homestead declaration a grant deed a judgment a mechanic's lien None Hint 2. It is normally best to have: an estate for years a fee simple a life estate none of these None Hint 3. Which of the following pairs of terms do not match? tenancy in common and undivided interest joint tenancy and right of survivorship fee simple and perpetuity estate for years and freehold estate None Hint 4. In taking an offer from a corporate representative, a broker should be sure to check the representative's authority. This would be found most likely in the: corporation charter corporation bylaws Business and Professions Code state Corporation Code None Hint 5. Tom leases to John for 20 years. Two years later Tom dies. John discovers that Tom had a life estate. the lease is still valid for 18 years the owner now has a remainder interest the lease is terminated the owner now has a reversionary interest None Hint 6. To be recorded, a deed must have: a name and address where tax bills are to be sent a recitation of consideration the signature of the grantee a seal None 7. In accordance with her deceased husband's will, Roberta can collect the rents from an apartment house for her life-time, after which the apartment house goes to their church. Roberta has a: fee simple periodic tenancy life estate tenancy at will None Hint 8. A man dies testate, leaving a wife and one child. His estate is distributed: to his heirs by right of representation one - half to his wife and one - half to his child in accordance with his will one - third to his wife and two - thirds to his child None 9. A sells a property to B that A does not own. A later acquires title to the property. Who has title? A without a lien A but B has a lien the state by escheat B None Hint 10. As to an acknowledgment to a deed, which of the following is true? it may not be notarized by the grantee the notary must keep a record of identification of the person acknowledging the deed all of these the notary must have a seal None 11. Elaine acquires property by accession. Most likely she got the property by: grant deed eminent domain accretion adverse use None Hint 12. A corporation seal on a deed: is evidence that the person signing for the corporation has authority to sign is required by law must be notarized can be affixed only by the corporate treasurer None 13. Property can not be held in joint tenancy by: brothers and sisters more than three people nonrelated parties corporations None Hint 14. Alicia deeds a property to Bud. The deed is never recorded. How can Bud transfer title back to Alicia? hand the deed backs as a reconveyance none of these. destroy the deed. write "canceled" across the face of the deed, sign and date it, then return it to Alicia None Hint 15. A reservation in a deed: creates a fee simple none of these voids the deed is a retention of an interest None 16. A deed is recored and indexed: by recording day and time by grantor and grantee names alphabetically by location all of these None 17. Which of the following is not a requirement of a formal will? an acknowledgment a signature none of these witnesses None Hint 18. A husband alone, without his wife's consent, may: sell community property sell household furniture give away community property buy real estate None Hint 19. Under a tenancy in common a tenant can sell his or her interest without consent of other tenants there is a right of survivorship none of these interests must be equal None Hint 20. Mabel and Edgar have three children. They have $100,000 in community property. Edgar dies intestate (without a will). Each of the children receives: nothing 1/3 1/5 1/3 of the remaining 2/3 interest None Hint 21. Joint tenancy: is a single estate involves only real property involves only personal property is an inheritable estate None Hint 22. An exception in the grant deed: excludes part of the property from the grant is the same as a reservation voids the deed none of these None 23. A brother and sister would never hold property as: joint tenants tenants in partnership tenants in common community property None Hint 24. A husband and wife own Greenacres as community property. The husband dies, leaving a will specifying that all his interest goes to his son. How would title be held? the wife gets all of Greenacres, since communtiy property passes to the surviving spouse. the wife and son own Greenacres as community property the wife and son own Greenacres as joint tenants the wife and son own Greenacres as tenants in common None 25. The W 1/2 of the SE 1/4 of the SW 1/4 of the NW 1/4 of a section contains: 2 1/2 acres 20 acres 5 acres 10 acres None 26. Chang and Jerome, both signle men, wish to take title together with undivided equal interests without the right of survivorship. The granting clause in the deed would read: Chang, a single man, and Jerome, a single man, as tenants in common Chang, a single man, and Jerome, a single man, as community property Chang, a single man, and Jerome, a single man, as joint tenants Chang, a single man, and Jerome, a single man, in severalty None 27. Ramon sells property to Kate, with the provision in the deed that if the property were ever used as a tavern, it would revert to Ramon. This would be best described as a: condition precedent covenant restriction condition subsequent None Hint 28. The only one of four unities required for joint tenancy that is also required for tenancy in common is: ownership possession interest time None Hint 29. Country Records show that Dave owns a property. Bill deeds that property to Carl. Bill's deed is considered: an alteration voidable a forgery a wild document None Hint 30. Stan gives a life estate to Carter. Stan's retained interest is: reversionary personal property leasehold remainder None Hint 31. When the word "fee" is used in connection with real estate, it means: a commission an estate of inheritance the price of land a charge for conveyance None 32. Quitclaim deeds convey: none of these after-acquired title only easements any interest the grantor has None Hint 33. The person making an acknowledgment on a deed would be: the recorder a notary public the maker the purchaser None Hint 34. A country recorder must keep: a phonetic index a documentary tax stamp ledger an adequate index system microfilm records None Hint 35. Conrad gives a deed to Fiona with the following instructions: Fiona should return the deed on demand, but if Conrad dies, the Fiona should give the deed to Conrad's son. The problem is one of: recording acknowledgment delivery acceptance None Hint 36. A person having an interest as community property may not: will that interest to another sell his or her half-interest to another neither a nor b both a and b None Hint 37. A brother and sister hold land as joint tenants. The sister conveys one-half of her interest to her husband. the brother and sister are joint tenants and the husbands is a tenant in common none of these is true the brother, sister, and her husband are joint tenants all are tenants in common None Hint 38. Which of the following is true regarding an estate in real estate? it must vest immediately more than one estate can exist as to one property at the same time it is always forever it must be the result of a deed None Hint 39. A gift deed may be voided by: none of these the grantor creditors of the grantors debtors of the grantor None Hint 40. Which of the following cannot be a "less than freehold" estate? a life estate an estate at sufferance an estate for years a periodic tenancy None Hint 41. A disadvantage of joint tenancy is that: an interest can be transferred without the knowledge or approval of other joint tenants once established, it cannot be brokern even if all of the owners wish to end it it avoids probate interest passes free of debts of the deceased None Hint 42. A deed transfer title at the time of: recording delivery signing acknowledgment None 43. A valid deed requires: witnesses a clear description of the property recording acknowledgment None Hint 44. The most important requirement of adverse possession is: five years' use by one party some claim of title actual physical possession all of these are equally important None 45. A property in probate is appraised at $96,000. At auction the highest bid is $90,000. For the court to consider any other offer, it would have to be at least: $95,000.00 $100,000.00 $90,0000.01 $99,000.00 None Hint 46. A valid deed must have certain requirements, but it need not: have the signature of the grantor name the grantee contain an adequate description have two competent parties None Hint 47. Alfonso and Boyd, both single men, inherit a farm as joint tenants. They each later marry. Alfonso dies without a will, leaving a wife and three children. What happens to his interest? Alfonso's wife and children are tenants in common Alfonso's wife and children are joint tenants Alfonso's wife and children do not get the farm Alfonso's wife and children are jtenants in common with Boyd None Hint 48. A recorded deed: creates a presumption of delivery gives constructive notice must have been acknowledged all of these None 49. After buying property and receiving a recorded deed, the buyer and the seller decide to rescind the deal. The buyer should: give a deed of reconveyance return the deed in exchange for the consideration give a new grant deed to the original seller file a cancellation None Hint 50. By will, a spouse may dispose of: all of the community property a tenancy-in-common interest both a and b a joint-tenancy interest None Hint
