Exam 49: Transfer and Control of Real Property

Title insurance policies may be issued to protect the interests of mortgagees or tenants of property.

Discuss the types of deeds that can be used to transfer title.

There are four major types of deeds.

A special warranty deed will give the buyer better rights against the grantor (seller) than a general warranty deed.

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

Title insurance protects an owner of real property from losses due to defects in title and undisclosed liens or encumbrances.

A mortgage creates a security interest in real property.

The Fair Housing Act is Title VIII of the Civil Rights Act.

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

Which of the following is NOT essential to a valid deed?

A deed containing a number of promises including covenant of title, quiet enjoyment, against encumbrances, and warranty are found in a:

An instrument representing an interest in real property created to secure repayment of the debt is called a:

To run with the land, a restrictive covenant must involve promises that are enforceable under the law of contracts.

Restrictive covenants are strictly construed against the party asserting their applicability.

If Stan's land is condemned in order to build a subway system for the city, he must be given:

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

In most states, it is not necessary to record a deed for title to pass to the grantee.

An enabling statute:

Marketable title means that the title is free from which of the following?

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):