Chapter 3 Quiz Sample Solutions

Chapter 3 Quiz Sample Solutions - 1 Real Estate Principles...

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Real Estate Principles Ch 3 Quiz Answer Key 1. D 2. C 3. C 4. D 5. A 6. A 7. D 8. D 9. C 10. D 11. C 12. B 13. B 14. C 15. D 2
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Answer Key with Explanations Question #1 Answer: D Explanation: The right of eminent domain belongs to quasi-public organizations such as public utilities and public universities, as well as to municipalities. Question #2 Answer: C Explanation: Standard title insurance policies do not insure against losses caused by defects that can't be discovered by examining the public record. Question #3 Answer: C Explanation: Accretion is one process by which property may be added. Any addition of real property through natural forces is known as accession. Question #4 Answer: D Explanation: Recording a deed creates the presumption that the deed was acknowledged, delivered, and accepted. Transfer of title occurs at the moment that the grantor delivers the deed and the grantee accepts it. Question #5
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This note was uploaded on 01/26/2012 for the course FIN 365 taught by Professor Staff during the Spring '11 term at S.F. State.

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Chapter 3 Quiz Sample Solutions - 1 Real Estate Principles...

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