General warranty deed - Study guides, Class notes & Summaries

All the following would be acceptable as evidence of marketable title EXCEPT A property owner's warranty deed An abstract and legal opinion Torrens certificate A title insurance policy - ️️A property owner's warranty deed The grantor retains an interest in the ownership. - ️️The grantor's warranties are limited to the time the grantor owned the property. A joint tenancy with right of survivorship may be created automatically if the property is distributed to the survivin...

At a closing Buyer Betsy and George were provided a deed to transfer the property to them from the seller. What type of deed would Buyer Betsy and George most likely receive from the seller at closing if there were no issues at all with the title of the property? - Answer- General Warranty Deed When transferring the property to Buyer Betsy and George the seller would need to sign the deed as the ______ and Buyer Betsy and George would need to sign the deed as ________? A. Grantor/Grantee ...

Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. notify the borrower C. notify the principals D. write a personal check for $4,500 to cover the shortage C. notify the principals Both principals (the buyer and the seller) are parties to the escrow instr...

Rockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers 100% VerifiedRockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers 100% VerifiedRockwell Exam Real Estate Classes WA Final Exam 1 Questions and Answers 100% VerifiedA buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - ANSWER-b. bill of sale Deeds transfer...

A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed -Correct Answer b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will recei...

pearson vue practice exam Questions and answers, 100% Accurate, graded A+ In stating a seller's price and terms to a prospective buyer, the seller's broker is required by the law of agency to state ONLY those terms that are a. included in the listing agreement b. based on the brokers evaluation of prevailing prices and terms c. favorable for the seller, as determined by the broker d. attractive to buyers, as determined by the broker - -a. included in the listing agreement a lot measu...

Tenants in Common - Passed to surviving heirs - Answer Tenants do not have right of survivor ship. If a tenant dies, ownership is passed to the surviving heirs. Joint Tenancy - Right of Survivorship - Answer A form of concurrent ownership, which occurs when two or more persons own a single estate in land, with right of survivorship. Must have equal shares, right to partition. Warranty Deed - Main, basic deed - Answer A deed that guarantees a clear title to the buyer of real prope...

WA Fundamentals Final Exam Questions and Answers Already Passed A $4,500 earnest money check bounces because of insufficient funds. The first thing the broker should do is: A. notify escrow to charge this amount, plus the bounced check fee, to the buyer B. Notify the borrower C. Notify the principals D. Write a personal check for $4,500 to cover the shortage C. Notify the principals A and B sign a rental agreement in which A agrees to lease her property to B in exchange for rent...

Rockwell Exam Real Estate Classes WA Final Exam Questions and Answers A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed --*correct answer*--b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designate...

All of the following EXCEPT ONE are true of "Chattels" a. Personal Property b. Real Property c. Movable Property d. Applied to slaves and women before their emancipation - Answer B. Real property A purchaser to whom a deed conveys real estate can be called a: a. Grantee b. Lessor c. Grantor d. Devisee - Answer A. Grantee Which of the following types of deeds carries the least warranties or representations of title? a. General Warranty Deed b. Special Warranty Deed c. Dee...