AZ Real Estate Review Chapter 3

A broad form of title insurance is usually bought for the benefit of the ______________.a. Buyerb. New Home Buyerc. Purchaser under a land contractD. Lender

A Quit Claim Deed is Commonly used to:a. Convey Titleb. Release in interest in titlec. Secure a loand. Cloud the title to real property

Marketable title is all of the following EXCEPT:a. Merchantable Titleb. Title to land that is free from encumbrances except those revealedc. Title a court would compel a purchaser to acceptd. Perfect title

A warranty deed covenants the grantee against a loss by:a. Casualtyb. Defective titlec. Property Damaged. Homesteading

An interest in title to real property, not government owned, obtained by action at law based on adverse possession best describes:a. Acquisitionb. Squatter's Rightsc. Prescriptiond. Homesteading

An example of involuntary alienation is where title to real property passes by:a. Quit Claim Deedb. Trust Deedc. Grant Deedd. Sheriff's Deed

A "Title Plant" is a;a. Collection of constructive notice informationb. Subdivision map collectionc. Policy of title insuranced. Publisher of title insurance policies

First grant or patent in a chain of title is issued by:a. US Govt Patent Officeb. A sovereign powerc. The recorder of deedsd. The grantee of a simple deed

An Affidavit of Value requires which of the following?a. Grantor's name and signatureb. Grantee's name and signaturec. Sale price of the propertyd. All of the above

That which is not title, but gives the appearance of title is:a. Color of titleb. Exonerationc. Alienationd. Subordination

Which type of will does NOT require witnessing?a. Holographicb. Noncupativec. Formald. None of the above

Which of the following would have the weakest claim to title?a. Person living on the property with an unrecorded deedb. Person living off the property with an acknowledged deedc. Person living off the property with a recorded deedd. Person living on the property with a recorded deed

If a property, on which there is a lender's policy of title insurance, is sold and the loan is assumed:a. The lender's title policy is canceledb. The lender's insurance policy continues in forcec. Policy is assumable if approved by title companyd. New grantee must financially qualify with the insurance company

What is the maximum number of grantees that can be named on a deed?a. Twob. Fourc. Any Numberd. 10

Which of the following types of Deeds would NOT give a bona fide buyer insurable quality of title to realty?a. Warranty Deedb. Special Warranty Deedc. Quit Claim Deedd. Bargain and sale deed