Exam 49: Transfer and Control of Real Property

A typical enabling statute grants municipalities all but which of the following powers? The power to:

A title search involves examining prior transfers of and encumbrances to the property.

Which of the following carries with it no warranties or guarantees of title?

Adverse possession requires no:

The Mortgage Reform and Anti-Predatory Lending Act of 2010 regulates only mortgages that are not subprime.

Sam has agreed to sell a warehouse to Jordan for $150,000. The contract says that Sam will convey to Jordan whatever interest he has in the property, but does not state that he has any interest. Jordan is entitled to a(n):

A deed of trust is almost identical to a warranty deed.

A deed is not effective to transfer title to land until delivery.

Ellen's driveway is actually on Richard's land, but in 20 years nobody has ever said anything to Ellen about it. When Richard sells his house, a survey shows the problem and the new owner demands that Ellen abandons use of the driveway. Will she have to move her driveway?

A contract agreeing to indemnify the insured against certain specified defects in title to real property is called:

In a notice-race state:

A deed ordinarily contains all of the following except:

Joel lived in a block with a mixture of one-family and two-family homes. He finished the third floor of his home for his family and when his children left home, he rented the space out as two apartments. Six months later, the town enacted a zoning ordinance restricting occupancy of the building to a maximum of two unrelated families. Joel's best argument for waiving the ordinance is:

Title insurance is unnecessary if a title search is made.

Deeds generally end with:

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

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

Deeds must describe the land conveyed, describe the estate conveyed, and indicate the consideration received by the grantor.

Controls that apply to the use of privately owned property include but are not limited to:

Jan owns lots in the Cruz neighborhood, where she was planning to build an 8-story apartment complex. Cruz has adopted a single-family dwelling ordinance that encompasses Jan's lots. Jan goes to the library and finds she can attempt to get judicial review of ordinances based on the following: