RE Ch4 Answer Key

RE Ch4 Answer Key - Real Estate Principles A Value Approach...

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Unformatted text preview: Real Estate Principles: A Value Approach by David C. Ling & Wayne Archer Chapter 4 Test Problems Answer Key 1. Which of these is not a requirement of a valid deed? a. Competent grantor b. Competent grantee c. In writing d. Habendum clause e. Delivery 2. The interest being conveyed by a deed is specified in the: a. Words of conveyance b. Habendum clause c. Property description d. Exceptions and reservations clause e. Covenant of seizin 3. The “highest-quality” form of a deed is the: a. General warranty deed b. Special warranty deed c. Deed of bargain and sale d. Quitclaim deed e. Covenant of seizin 4. A deed used mainly to clear up possible “clouds” or encumbrances to title (conflicting interest) is the: a. General warranty deed b. Special warranty deed c. Deed of bargain and sale d. Quitclaim deed e. Covenant of seizin 5. If a landowner sells the front part of a parcel of land, retaining the back portion as a “landlocked” parcel, and if there is an existing informal path across the front parcel to the...
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RE Ch4 Answer Key - Real Estate Principles A Value Approach...

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