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CALIFORNIA INTERACTIVE STUDY GROUP…Notes for Tonight Chat has now been switched to a Moderated...
Transcript of CALIFORNIA INTERACTIVE STUDY GROUP…Notes for Tonight Chat has now been switched to a Moderated...
UNIT 6:
BOBRA TAHAN
HOWARD HARRIS
TRANSFER OF PROPERTY
CALIFORNIA INTERACTIVE
STUDY GROUP
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Study Group Information
Information regarding the Study Group
may be found at:
www.kapre.com/caisg
At this location you will find:
Calendar of discussion topics
Links to discussion questions
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Notes for Tonight
Chat has now been switched to a Moderated Mode.
Bobra Tahan and Howard Harris will both still see your
Chat; however, the other students will no longer see
Your chat unless either instructor sends your chat
to the classroom. This will help preserve the
anonymity of your answers.
Even so, do not put anything into the chat that you
would not want everyone to see.
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Contact Information
Bobra Tahan and Howard Harris both have access to
this account:
If you would like to discuss something on the phone,
please send your phone number in the email and the best times to reach you.
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Unit 6:
TRANSFER OF PROPERTY
TOPICS TO BE DISCUSSED:
Deeds
Escrow
Insurance
Taxes
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QUESTION
The act of conveying real estate to someone is
called
A. Alienation
B. Diversification
C. Subdivision
D. Acquisition
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QUESTION
Which are needed for a valid deed?
A. Signature of Grantor, date, property description
B. Property description, notarization, date
C. Signature of Grantor, property description,
granting clause
D. Signature of Grantee, date, property description
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QUESTION
For a valid deed to transfer title, the
deed has to be:
A. Delivered by the grantor
B. Accepted by the grantee
C. Both A and B
D. Neither A nor B
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QUESTION
Which must be true for a deed to be effective?
A. The deed must be dated
B. The deed must be notarized
C. The deed must be recorded
D. None of the above
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QUESTION
Deeds and other property documents are recorded
in:
A. The county where the property is located.
B. The Bureau of Real Estate’s office in
Sacramento
C. The office of the Secretary of the State
D. The assessor’s office
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QUESTION
Which of the following typically is not covered by a
standard title insurance (CLTA) policy?
A. Matters of record
B. Improper delivery
C. Forgery and fraud
D. Encroachments
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QUESTION
Which of the following typically is covered by an
extended title insurance (ALTA) policy?
A. All risks typically covered by a standard title
insurance (CLTA) policy
B. Unrecorded liens and encroachments
C. Parties in possession
D. All of the above
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QUESTION
Which type of title insurance typically is most often
obtained to protect buyers?
A. Standard title insurance (CLTA)
B. Extended title insurance (ALTA)
C. Exclusive title insurance (ELTA)
D. Buyer’s title insurance (BLTA)
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QUESTION
A zoning violation is a risk covered by which type of
title insurance policy?
A. The standard title insurance (CLTA)
B. An extended title insurance (ALTA)
C. Both A and B
D. None of the above
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QUESTION
Extended title insurance (ALTA) policies cover which
title defects:
A. An existing lien that was not recorded as of the
date of close of escrow
B. A lien that was recorded as of the close of escrow,
known to the buyer, but not listed as an exception in
the preliminary title report
C. A prescriptive easement not visible on the
property
D. None of the above
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QUESTION
If a dispute arises during escrow, an escrow agent
can legally release deposit money with:
A. Signed instructions from the Seller
B. Signed instructions from the Buyer
C. Signed instruction from both the Buyer and the
Seller
D. Only with a court order
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QUESTION
The right to receive A Closing Disclosure statement
no later than 3 days before the closing can be
waived by:
A. The Buyer simply waiving the time
B. The Buyer identifying an economic reason
requiring a waiver of time
C. The Seller by simply waiving the time
D. Never
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QUESTION
Which term identifies a transfer of real Property?
A. Dedication
B. Public Grant
C. Private Grant
D. All of the above
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TRANSFERS OF REAL PROPERTY19
PATENT EXAMPLE20
QUESTION
A trustee’s deed is issued by a trustee to a trustor
when:
A. When a note secured by a trust deed is paid off
B. When a note secured by a trust deed is created
C. At the completion of a foreclosure sale
D. Never
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TAX CALENDAR22
QUESTION
Which of the following statements is true for the tax
year 2017-2018?
A. The taxes due become a lien if not paid by April
10, 2018
B. The taxes for the tax year must be paid in full by
December 10, 2017 to avoid a penalty
C. A lien is recorded for the taxes in January 2017
D. A lien might be recorded for taxes due on June
30, 2018
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QUESTION
Homeowners can appeal an assessor’s opinion of
value to a:
A. Local assessment appeals board
B. County board of supervisors
C. County tax collector
D. Recorder’s office
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QUESTION
Taxes against a specific group of properties that
benefit from public improvements are:
A. Special assessments
B. Local property taxes
C. Mello-Roos
D. Not done
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CONCLUSION
Both Bobra Tahan and Howard Harris have
access to this account:
If you would like to discuss something on the
phone, please send your phone number in the
email and the best times to reach you.
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