Transfer of Real Property Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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Question 1 1. What's another name for a contract for deed?

Question 2 2. Which of the following is incorrect about a contract for deed?

Question 3 3. A ____ conveys whatever interest the grantor has in real estate with no covenants for title.

Question 4 4. Martin purchases property at a sheriff's sale and receives a sheriff's deed. The defaulting borrower is able to reclaim the property by paying the foreclosure sale price through ____.

Question 5 5. The _____ gives a deed, and the _____ receives it.

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Question 6 6. A deed contains the following information: the name of the grantor and grantee, words of conveyance and a signature of the grantor. The deed is delivered to the grantee. What's missing to make the deed effective?

Question 7 7. A _____ attests to a deed, while a _____ is involved in the acknowledgment of the deed.

Question 8 8. Which of the following deeds is a purchaser likely to prefer?

Question 9 9. A _____ is a large payment that is due at the conclusion of some land contracts that often require a vendee to seek refinancing to make the payment.

Question 10 10. A _____ sells the real estate while a _____ buys it.

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Question 11 11. Aside from executing a validly formatted deed, what else is required for the conveyance of the property to be effective?

Question 12 12. Which of the following conveys an interest in real estate?

Question 13 13. An involuntary encumbrance is _____.

Question 14 14. Lisa purchases real estate at a nonjudicial foreclosure. What type of deed will she likely receive?

Question 15 15. Sue bought a house. Two years later, she finds that the title was clouded and she may or may not own the house. How will the title insurance help her?

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Question 16 16. Who must ALWAYS sign a deed?

Question 17 17. Beth has been making regular payments on her contract for deed for five years. She has one year of payments left before she's paid off the total contracted amount and she will become the new homeowner. She has just lost her job. She's afraid she's going to be late on her next payment. Which of the following provisions should give her the most concern?

Question 18 18. Which of the following is an example of a voluntary encumbrance?

Question 19 19. What is an encumbrance?

Question 20 20. A title insurance policy verifies which of the following?

Transfer of Real Property Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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