Học Thi Real Estate License ở California: Legal Descriptions, Methods of Acquiring Title, Deeds, Estates, and Methods of Holding Title (Part 2) Dat Hoang February 26, 2020 No Comments 1. Stan gives a life estate to Carter. Stan's retained interest is: reversionary personal property leasehold remainder HintIt reverts to him after the death of Carter 2. 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: state Corporation Code corporation bylaws Business and Professions Code corporation charter HintRules governing a corporation. 3. A corporation seal on a deed: can be affixed only by the corporate treasurer is required by law must be notarized is evidence that the person signing for the corporation has authority to sign 4. A reservation in a deed: none of these creates a fee simple voids the deed is a retention of an interest 5. Which of the following is not a requirement of a formal will? an acknowledgment a signature none of these witnesses HintIt must be signed and witnessed 6. A brother and sister would never hold property as: tenants in common joint tenants community property tenants in partnership Hintrequires marriage. 7. Which of the following pairs of terms do not match? joint tenancy and right of survivorship fee simple and perpetuity estate for years and freehold estate tenancy in common and undivided interest HintAn estate for years is a nonfreehold estate. 8. By will, a spouse may dispose of: a joint-tenancy interest all of the community property both a and b a tenancy-in-common interest HintHe can will only one-half of community property. 9. A recorded deed: creates a presumption of delivery must have been acknowledged all of these gives constructive notice 10. Property can not be held in joint tenancy by: corporations brothers and sisters more than three people nonrelated parties Hintsince corporations do not die. 11. The person making an acknowledgment on a deed would be: the maker the recorder the purchaser a notary public HintThe maker acknowledges the deed before a notary. 12. 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 none of these is true the brother and sister are joint tenants and the husbands is a tenant in common HintThe unities are no longer present. 13. A person having an interest as community property may not: will that interest to another both a and b neither a nor b sell his or her half-interest to another Hintboth parties must convey. 14. A country recorder must keep: a documentary tax stamp ledger a phonetic index microfilm records an adequate index system Hintusually a grantor/grantee index. 15. The only one of four unities required for joint tenancy that is also required for tenancy in common is: time ownership possession interest HintEqual rights of possession. 16. Which of the following does not have to be recorded to have effect? a judgment a mechanic's lien a grant deed a homestead declaration HintIt is valid between the parties without recording. 17. The W 1/2 of the SE 1/4 of the SW 1/4 of the NW 1/4 of a section contains: 5 acres 2 1/2 acres 20 acres 10 acres 18. A valid deed requires: recording witnesses a clear description of the property acknowledgment HintThe description must be unambiguous. 19. Elaine acquires property by accession. Most likely she got the property by: eminent domain grant deed adverse use accretion Hintbeing joined to. 20. Under a tenancy in common interests must be equal a tenant can sell his or her interest without consent of other tenants none of these there is a right of survivorship HintThe buyer becomes a tenant in common. 21. 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 joint tenants Alfonso's wife and children do not get the farm Alfonso's wife and children are jtenants in common with Boyd Alfonso's wife and children are tenants in common HintThe property goes to the surviving joint tenant. 22. When the word "fee" is used in connection with real estate, it means: an estate of inheritance a charge for conveyance a commission the price of land 23. Alicia deeds a property to Bud. The deed is never recorded. How can Bud transfer title back to Alicia? destroy the deed. hand the deed backs as a reconveyance write "canceled" across the face of the deed, sign and date it, then return it to Alicia none of these. HintBud must give Alicia a new deed. 24. A sells a property to B that A does not own. A later acquires title to the property. Who has title? A but B has a lien A without a lien the state by escheat B Hintafter acquired title. 25. 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, in severalty 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 26. A valid deed must have certain requirements, but it need not: name the grantee have the signature of the grantor have two competent parties contain an adequate description HintThe grantee on a gift deed need competent. 27. Joint tenancy: is a single estate is an inheritable estate involves only real property involves only personal property HintIn which each owner has an undivided interest. 28. 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 Hint10 percent higher on the first $10k, 5% on the balance 29. Mabel and Edgar have three children. They have $100,000 in community property. Edgar dies intestate (without a will). Each of the children receives: 1/3 of the remaining 2/3 interest 1/3 nothing 1/5 HintAll to the surviving spouse. 30. The most important requirement of adverse possession is: actual physical possession some claim of title all of these are equally important five years' use by one party 31. Country Records show that Dave owns a property. Bill deeds that property to Carl. Bill's deed is considered: a wild document voidable a forgery an alteration HintOutside the chain of title. 32. A deed is recored and indexed: by grantor and grantee names alphabetically by recording day and time all of these by location 33. An exception in the grant deed: none of these is the same as a reservation excludes part of the property from the grant voids the deed 34. Quitclaim deeds convey: none of these after-acquired title any interest the grantor has only easements HintWithout claiming an interest. 35. To be recorded, a deed must have: the signature of the grantee a name and address where tax bills are to be sent a seal a recitation of consideration 36. A disadvantage of joint tenancy is that: once established, it cannot be brokern even if all of the owners wish to end it interest passes free of debts of the deceased an interest can be transferred without the knowledge or approval of other joint tenants it avoids probate HintBreaking the joint tenancy. 37. 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 acceptance acknowledgment HintThe deed is not delivered; it is part of Conrad's estate. 38. 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 joint tenants the wife and son own Greenacres as tenants in common the wife gets all of Greenacres, since communtiy property passes to the surviving spouse. the wife and son own Greenacres as community property 39. 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: life estate periodic tenancy fee simple tenancy at will HintThe church has a remainder interest. 40. Which of the following cannot be a "less than freehold" estate? a periodic tenancy an estate for years an estate at sufferance a life estate HintIt is a freehold estate. 41. A deed transfer title at the time of: recording signing acknowledgment delivery 42. Which of the following is true regarding an estate in real estate? it must vest immediately it is always forever it must be the result of a deed more than one estate can exist as to one property at the same time HintSuch as a fee simple and a leasehold interest. 43. A man dies testate, leaving a wife and one child. His estate is distributed: 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 in accordance with his will 44. 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: covenant condition precedent restriction condition subsequent HintThe property reverts on the happening of a condition. 45. As to an acknowledgment to a deed, which of the following is true? it may not be notarized by the grantee the notary must have a seal all of these the notary must keep a record of identification of the person acknowledging the deed 46. After buying property and receiving a recorded deed, the buyer and the seller decide to rescind the deal. The buyer should: give a new grant deed to the original seller give a deed of reconveyance file a cancellation return the deed in exchange for the consideration HintA deed is only used once. 47. A husband alone, without his wife's consent, may: sell household furniture buy real estate give away community property sell community property Hintif community property funds used , it becomes community property. 48. A gift deed may be voided by: creditors of the grantors debtors of the grantor the grantor none of these HintIf the grantor was insolvent at the time of the gift. 49. 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 reversionary interest the owner now has a remainder interest the lease is terminated HintA life tenant cannot encumber the property beyond his or her life. 50. It is normally best to have: a life estate a fee simple an estate for years none of these HintThis is a highest form of ownership.