National Practice Questions - … · C. Serve as a conditional contract for sale of property ......

National Practice Questions

II. Forms of Ownership, Transfer, and Recording of Title

1. John gave a house to his daughters Mary and Sally. Sally dies. Mary inherits all of the house over the

objections of Sally’s children. How did Mary and Sally take title to the house?

A. Tenants in common

B. Joint tenancy

C. Tenants in severalty

D. Tenancy in entirety

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A. Tenants in common

B. Joint tenancy

C. Tenants in severalty

D. Tenancy in entirety

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1. John gave a house to his daughters Mary and Sally. Sally dies. Mary inherits all of the house over the

objections of Sally’s children. How did Mary and Sally take title to the house?

2. An abstract of title is:

A. A deed of trust

B. Title insurance

C. A contract for deed

D. A history of the recorded documents of a property

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2. An abstract of title is:

A. A deed of trust

B. Title insurance

C. A contract for deed

D. A history of the recorded documents of a property

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3. Documents that must be in writing according to the Statute

of Frauds include:

A. A lease for a term of one year or more

B. Deeds

C. Deeds of trust and promissory notes

D. All of the above

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3. Documents that must be in writing according to the Statute

of Frauds include:

A. A lease for a term of one year or more

B. Deeds

C. Deeds of trust and promissory notes

D. All of the above

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4. The function of a deed is to:

A. Spell out the terms of payment on transfer of property

B. Transfer title or claim to property from one to another

C. Serve as a conditional contract for sale of property

D. Serve as a listing agreement for the sale of real estate

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4. The function of a deed is to:

A. Spell out the terms of payment on transfer of property

B. Transfer title or claim to property from one to another

C. Serve as a conditional contract for sale of property

D. Serve as a listing agreement for the sale of real estate

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5. Recording a deed:

A. Guarantees fee simple title

B. Is the final step in the transfer of title

C. Is required before resale of the property

D. Protects ownership and safeguards against fraudulent sale

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5. Recording a deed:

A. Guarantees fee simple title

B. Is the final step in the transfer of title

C. Is required before resale of the property

D. Protects ownership and safeguards against fraudulent sale

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6. An instrument which guarantees against defects in

title and conveys title is a:

A. Policy of title insurance

B. Chain of title

C. Warranty deed

D. Deed of trust

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6. An instrument which guarantees against defects in

title and conveys title is a:

A. Policy of title insurance

B. Chain of title

C. Warranty deed

D. Deed of trust

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7. Title to real property transfers at the time the deed is:

A. Signed

B. Delivered

C. Certified

D. Revoked

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7. Title to real property transfers at the time the deed is:

A. Signed

B. Delivered

C. Certified

D. Revoked

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8. Whose signature is required on a deed?

A. Grantor

B. Grantee

C. Trustee

D. Legatee

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8. Whose signature is required on a deed?

A. Grantor

B. Grantee

C. Trustee

D. Legatee

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9. What can’t be assigned?

A. A Lease

B. A Real estate contract

C. A Mortgage

D. A Deed

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9. What can’t be assigned?

A. A Lease

B. A Real estate contract

C. A Mortgage

D. A Deed

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10. What is the statutory right a widow has in the estate of

her deceased husband?

A. Dower right

B. Courtesy right

C. Tenancy at sufferance

D. Remainder

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10. What is the statutory right a widow has in the estate of

her deceased husband?

A. Dower right

B. Courtesy right

C. Tenancy at sufferance

D. Remainder

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11. Two sisters buy a property together. One owns a 1/3 share of the property and the other owns a 2/3 share of the property. The

deed shows ownership as:A. Tenancy by the entirety

B. Joint tenancy

C. Long-term lease

D. Tenancy in common22

11. Two sisters buy a property together. One owns a 1/3 share of the property and the other owns a 2/3 share of the property. The

deed shows ownership as:A. Tenancy by the entirety

B. Joint tenancy

C. Long-term lease

D. Tenancy in common23

12. In order for a deed to be valid it must have the:

A. Signature of the grantor

B. Purchase price

C. Recording date

D. Delivery and acceptance stamp

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12. In order for a deed to be valid it must have the:

A. Signature of the grantor

B. Purchase price

C. Recording date

D. Delivery and acceptance stamp

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13. James deeded property to Karen. The deed provided that if Karen ever

used the property for the sale of alcoholic beverages, title would revert

to James. The estate created by the conveyance is a:

A. Fee simple defeasible

B. Simple fee deed

C. Life estate

D. Non-freehold estate 26

13. James deeded property to Karen. The deed provided that if Karen ever

used the property for the sale of alcoholic beverages, title would revert

to James. The estate created by the conveyance is a:

A. Fee simple defeasible

B. Simple fee deed

C. Life estate

D. Non-freehold estate 27

14. Mr. Jones has a fee simple estate. He leases his property to Mr.

Rios for 10 years. Mr. Jones has a:

A. Not quite freehold estate

B. Fee simple estate

C. Remainder estate

D. Life-time estate

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14. Mr. Jones has a fee simple estate. He leases his property to Mr.

Rios for 10 years. Mr. Jones has a:

A. Not quite freehold estate

B. Fee simple estate

C. Remainder estate

D. Life-time estate

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15. The right of survivorship is a feature of which of the

following types of tenancy?

A. Joint tenancy

B. Tenancy in common

C. Tenancy in severalty

D. Tenancy for years

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15. The right of survivorship is a feature of which of the

following types of tenancy?

A. Joint tenancy

B. Tenancy in common

C. Tenancy in severalty

D. Tenancy for years

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16. A life estate may be granted:

A. Only when it is for the duration of the grantee’s life

B. For the duration of the life of someone other than the grantee

C. For a definite term

D. Only to a grantee over the age of majority

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16. A life estate may be granted:

A. Only when it is for the duration of the grantee’s life

B. For the duration of the life of someone other than the grantee

C. For a definite term

D. Only to a grantee over the age of majority

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17. Of the following, the largest estate or ownership in

real property is:

A. Estate at sufferance

B. Estate at will

C. Life estate

D. Fee simple estate

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17. Of the following, the largest estate or ownership in

real property is:

A. Estate at sufferance

B. Estate at will

C. Life estate

D. Fee simple estate

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18. Tenancy in common with a separate agreement for use is

called:

A. An option

B. Community property

C. Corporation

D. A timeshare

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18. Tenancy in common with a separate agreement for use is

called:

A. An option

B. Community property

C. Corporation

D. A timeshare

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19. The highest and best form of ownership in real estate is:

A. Life estate

B. Fee simple absolute

C. Defeasible fee

D. Separate property

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19. The highest and best form of ownership in real estate is:

A. Life estate

B. Fee simple absolute

C. Defeasible fee

D. Separate property

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20. A landowner may ask for a variance when he wishes to be

allowed to deviate from:

A. Permitting

B. Deed restrictions

C. Zoning

D. Fire codes

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20. A landowner may ask for a variance when he wishes to be

allowed to deviate from:

A. Permitting

B. Deed restrictions

C. Zoning

D. Fire codes

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Owner J transferred a life estate in a home to K for the life of L. K then leased the property to M under a five-year lease.

21. Owner J retained a future interest known as a(n):

A. Remainder interest

B. Estate for years

C. Defeasible state

D. Reversionary interest

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21. Owner J retained a future interest known as a(n):

A. Remainder interest

B. Estate for years

C. Defeasible state

D. Reversionary interest

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22. What would happen if K dies?

A. M’s lease would terminate

B. K’s heirs would be entitled to K’s interest

C. Title would return to J

D. L would obtain title44


22. What would happen if K dies?

A. M’s lease would terminate

B. K’s heirs would be entitled to K’s interest

C. Title would return to J

D. L would obtain title45


23. The death of L would result in all of the following EXCEPT:

A. Termination of M’s lease

B. Termination of K’s estate

C. Reversion to J

D. L’s heirs taking L’s interest in the property46


23. The death of L would result in all of the following EXCEPT:

A. Termination of M’s lease

B. Termination of K’s estate

C. Reversion to J

D. L’s heirs taking L’s interest in the property47

24. Jim leased an apartment in Austin. The lease began on March 1

and ended on September 30. The lease did not automatically renew for another 6 months. The lease is a/an:

A. Periodic tenancy

B. Month to month

C. Estate for years

D. Estate at sufferance

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24. Jim leased an apartment in Austin. The lease began on March 1

and ended on September 30. The lease did not automatically renew for another 6 months. The lease is a/an:

A. Periodic tenancy

B. Month to month

C. Estate for years

D. Estate at sufferance

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25. Foreclosure, eminent domain, and adverse

possession are examples of:

A. Involuntary alienation

B. Voluntary alienation

C. Liens

D. None of the above

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25. Foreclosure, eminent domain, and adverse

possession are examples of:

A. Involuntary alienation

B. Voluntary alienation

C. Liens

D. None of the above

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26. A title insurance policy to protect the lender is called the:

A. Mortgagee’s policy

B. Owner’s policy

C. Quiet title policy

D. Attorney’s policy

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26. A title insurance policy to protect the lender is called the:

A. Mortgagee’s policy

B. Owner’s policy

C. Quiet title policy

D. Attorney’s policy

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National Practice Questions - … · C. Serve as a conditional contract for sale of property ......

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