Học Thi Real Estate License ở California: Legal Descriptions, Methods of Acquiring Title, Deeds, Estates, and Methods of Holding Title (Part 2) 1. 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 2. An exception in the grant deed: is the same as a reservation voids the deed excludes part of the property from the grant none of these None 3. 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 4. A husband alone, without his wife's consent, may: buy real estate sell community property give away community property sell household furniture None Hint 5. As to an acknowledgment to a deed, which of the following is true? all of these it may not be notarized by the grantee the notary must keep a record of identification of the person acknowledging the deed the notary must have a seal None 6. 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 bylaws corporation charter Business and Professions Code state Corporation Code None Hint 7. Stan gives a life estate to Carter. Stan's retained interest is: reversionary leasehold remainder personal property None Hint 8. 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 of the remaining 2/3 interest 1/3 1/5 None Hint 9. A country recorder must keep: microfilm records a documentary tax stamp ledger a phonetic index an adequate index system None Hint 10. Which of the following cannot be a "less than freehold" estate? an estate for years a life estate an estate at sufferance a periodic tenancy None Hint 11. 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 and son own Greenacres as community property the wife gets all of Greenacres, since communtiy property passes to the surviving spouse. the wife and son own Greenacres as joint tenants the wife and son own Greenacres as tenants in common None 12. Joint tenancy: involves only real property is an inheritable estate involves only personal property is a single estate None Hint 13. Which of the following is true regarding an estate in real estate? it must be the result of a deed it is always forever more than one estate can exist as to one property at the same time it must vest immediately None Hint 14. Property can not be held in joint tenancy by: corporations brothers and sisters more than three people nonrelated parties None Hint 15. To be recorded, a deed must have: a recitation of consideration the signature of the grantee a seal a name and address where tax bills are to be sent None 16. Under a tenancy in common a tenant can sell his or her interest without consent of other tenants there is a right of survivorship interests must be equal none of these None Hint 17. A deed transfer title at the time of: acknowledgment delivery signing recording None 18. A man dies testate, leaving a wife and one child. His estate is distributed: in accordance with his will one - half to his wife and one - half to his child one - third to his wife and two - thirds to his child to his heirs by right of representation None 19. A gift deed may be voided by: creditors of the grantors none of these debtors of the grantor the grantor None Hint 20. A valid deed requires: acknowledgment witnesses a clear description of the property recording None Hint 21. 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 restriction covenant condition subsequent None Hint 22. The most important requirement of adverse possession is: five years' use by one party some claim of title all of these are equally important actual physical possession None 23. 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 B the state by escheat None Hint 24. After buying property and receiving a recorded deed, the buyer and the seller decide to rescind the deal. The buyer should: file a cancellation return the deed in exchange for the consideration give a new grant deed to the original seller give a deed of reconveyance None Hint 25. A recorded deed: gives constructive notice all of these must have been acknowledged creates a presumption of delivery None 26. The person making an acknowledgment on a deed would be: the purchaser the maker the recorder a notary public None Hint 27. It is normally best to have: a fee simple an estate for years a life estate none of these None Hint 28. A brother and sister hold land as joint tenants. The sister conveys one-half of her interest to her husband. the brother, sister, and her husband are joint tenants all are tenants in common the brother and sister are joint tenants and the husbands is a tenant in common none of these is true None Hint 29. Tom leases to John for 20 years. Two years later Tom dies. John discovers that Tom had a life estate. the owner now has a remainder interest the owner now has a reversionary interest the lease is terminated the lease is still valid for 18 years None Hint 30. Which of the following does not have to be recorded to have effect? a mechanic's lien a judgment a grant deed a homestead declaration None Hint 31. A valid deed must have certain requirements, but it need not: have two competent parties name the grantee have the signature of the grantor contain an adequate description None Hint 32. Quitclaim deeds convey: only easements after-acquired title any interest the grantor has none of these None Hint 33. A brother and sister would never hold property as: tenants in common tenants in partnership joint tenants community property None Hint 34. When the word "fee" is used in connection with real estate, it means: a commission the price of land an estate of inheritance a charge for conveyance None 35. A reservation in a deed: none of these is a retention of an interest creates a fee simple voids the deed None 36. Which of the following pairs of terms do not match? fee simple and perpetuity estate for years and freehold estate tenancy in common and undivided interest joint tenancy and right of survivorship None Hint 37. A person having an interest as community property may not: will that interest to another sell his or her half-interest to another both a and b neither a nor b None Hint 38. The only one of four unities required for joint tenancy that is also required for tenancy in common is: interest possession ownership time None Hint 39. A disadvantage of joint tenancy is that: interest passes free of debts of the deceased once established, it cannot be brokern even if all of the owners wish to end it an interest can be transferred without the knowledge or approval of other joint tenants it avoids probate None Hint 40. Elaine acquires property by accession. Most likely she got the property by: grant deed adverse use accretion eminent domain None Hint 41. Country Records show that Dave owns a property. Bill deeds that property to Carl. Bill's deed is considered: a wild document a forgery an alteration voidable None Hint 42. 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: $90,0000.01 $99,000.00 $95,000.00 $100,000.00 None Hint 43. Which of the following is not a requirement of a formal will? an acknowledgment none of these witnesses a signature None Hint 44. A deed is recored and indexed: all of these by recording day and time by grantor and grantee names alphabetically by location None 45. 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: tenancy at will fee simple periodic tenancy life estate None Hint 46. 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 community property Chang, a single man, and Jerome, a single man, as tenants in common Chang, a single man, and Jerome, a single man, as joint tenants Chang, a single man, and Jerome, a single man, in severalty None 47. By will, a spouse may dispose of: a tenancy-in-common interest both a and b a joint-tenancy interest all of the community property None Hint 48. 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 delivery acknowledgment acceptance None Hint 49. 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 destroy the deed. none of these. write "canceled" across the face of the deed, sign and date it, then return it to Alicia None Hint 50. A corporation seal on a deed: can be affixed only by the corporate treasurer is required by law is evidence that the person signing for the corporation has authority to sign must be notarized None
