Exam 49: Transfer and Control of Real Property

Marian lives in a "notice-race" state.She buys Blackacre from Robin but fails to record her deed.Robin then sells Blackacre to John, who also forgets to record.If Marian realizes her mistake and then records the deed, who will own title to the land?

A secured transaction consists of:

The right of redemption would require:

Murphy and her child, who are both Caucasian, are seeking an apartment.Murphy is not married and never has been.Grant owns an apartment complex with 8 units ready to rent.Grant will not be violating any laws by his refusal to rent to Murphy and her child on the basis that Murphy is a single, unwed mother.

A variance may be granted to permit deviation from a zoning ordinance where the application of the ordinance to specific property would cause its owner particular hardship unique to the property.

The Fair Housing Act prohibits discrimination based on race and color only.

The time for conveyance of a deed is called the:

An uncommon but possible way to obtain title to property is by adverse possession.

A doctrine allowing a mortgagor who has defaulted to regain her property prior to its sale by paying the debt in full with interest is known as:

What should the simplest agreement for the sale of land contain?

Foreclosure is the mortgagee's right to sell the property to satisfy the debt.

Which of the following may transfer title to land?

Most zoning ordinances provide that a nonconforming use may be terminated:

Darren grants a quitclaim deed to some property to Floyd.Now Floyd has found that someone else has a life estate in the land.Darren has breached the warranty of title.

The Mortgage Reform and Anti-Predatory Lending Act of 2010 modifies the Sarbanes-Oxley Act by making those who obtain mortgages more accountable for their actions.

The power to convert private property to public use is known as:

The doctrine declaring that the mortgagee's interest in the property is limited to the amount of the outstanding obligation is known as:

A mortgagee cannot assign a mortgage without the consent of the mortgagor.

In order for a deed to be effective between the purchaser and the seller of real estate, the deed must:

The elements of adverse possession include: