CHAPTER 9 QUIZ

1. The title to real estate passes when a valid deed is:

2. The primary purpose of a deed is to:

3. A special warranty deed differs from a general warranty deed in that the grantor’s covenant in the special warranty deed:

4. The law that requires transfer of real property ownership to be in writing is the:

5. Which of the following deeds contain no expressed or implied warranties?

6. The reversion of real estate to the county because of its lack of heirs or other persons legally entitled to own the property is:

7. Fred bought acreage in a distant county, never went to see it, and did not use it, although he regularly paid the real estate taxes on it. Lucy moved her mobile home onto Fred’s property, drilled a well for water, and lived there for many years. Lucy may have become the owner of the acreage if she has complied with the state laws regarding:

8. In which of the following situations would a quitclaim deed be the most appropriate type of deed to use?

9. When the preliminary title report reveals the existence of an easement on the property, it indicates that the easement is a(n):

10. Two people own a farm as joint tenants with right of survivorship. One of the tenants dies intestate. The other tenant now owns the farm:

11. A third party holds title to property on behalf of someone else through the use of a:

12. A bill of sale is used to transfer the ownership of:

13. A written summary of the history of all conveyances and legal proceedings affecting a specific parcel of real estate is called a(n):

14. Which of the following best describes the covenant of quiet enjoyment?

15. All of the following would be considered evidence of marketable title EXCEPT a(n):

16. A document that protects against hidden risks such as forgeries and loss due to defects in the title, subject to specific exceptions, is called a(n):

17. A buyer took delivery of the deed to his new house but forgot to record the deed. Under these circumstances:

18. Title to real estate that is inherited from a person who died testate is referred to as a:

19. Which of the following documents is signed by the owner of the real estate?

20. All of the following are required for a deed to be valid EXCEPT the:

21. Which of the following is LEAST LIKELY to be found in a deed?

22. What is the purpose of the acknowledgment by a notary public on a deed?

23. Phil owns a one-quarter undivided interest in a parcel of land, and he wants his interest transferred to his sister Elaine. As a general rule, which of the following actions will transfer Phil’s undivided interest out of his name?

24. A valid will devises the decedent’s real estate after the payment of all debts, claims, inheritance taxes and expenses through the:

25. When the grantor does not wish to convey certain property rights, he or she:

26. The condemnation of private property for public use is exercised under the government right of:

27. All of the following are true about adverse possession EXCEPT:

28 A deed must be signed by the:

29. A single person owned a parcel of land. After the owner’s death the probate court determined the distribution of the land in accordance with the states’ statutes. This person:

30. The type of deed in which the granting clause states “convey and warrant’ is a:

31. Which of the following is an example of involuntary alienation?

32. What will happen to the real estate if the deceased owner did not write a will and has no heirs?

33. Under the terms of a trust established by a will, the trustee is required to sell the real estate the trust holds. The deed that will be delivered at settlement is a:

34. All of the following are required under Illinois law for a deed to be valid, EXCEPT:

35. Which of the following is essential to the validity of an Illinois deed?

36. How is the state transfer tax liability due in Illinois computed?

37. Which of the following best describes proof of payment for transfer taxes?

38. What is the period of uninterrupted possession required to claim title by adverse possession in Illinois?

39. Which of the following types of wills is recognized in Illinois?

40. James died, leaving an estate of $150,000 in cash and two parcels of real estate. In his final will, James completely disinherited his wife. James is survived by his spouse and one child. If James’s wife elects to renounce the will, how much will she receive under Illinois statute?

41. When a claim is settled by a title insurance company, the company acquires all rights and claims of the insured against any other person who is responsible for the loss. This is known as:

42. Which of the following would be used to clear a defect from the title records?

43. The part of the title insurance policy that sets forth all of the encumbrances and defects that will not be insured against is called the:

44. The recorded history of matters that affect the title to a specific parcel of real property is its:

45. Generally, if some defect is found in the title to real property, the effect on a sales contract is that:

46. Documents affecting real estate are recorded or filed with the county in which the property is located to:

47. The best assurance of good title that a real estate purchaser can obtain is a(n):

48. The body of law that covers such topics as security agreements, financing statements, and bulk transfers is the:

49. The buyer purchases a title insurance policy on the property the buyer is pledging as security for the mortgage loan. Which of the following is true?

50. An outstanding claim or encumbrance which, if valid, would impair an owner’s title is referred to as:

51. What is the major difference between the owner’s title policy and the mortgagee’s title policy?

52. All of the following would give constructive notice EXCEPT:

53. All of the following are true regarding title insurance EXCEPT:

54. Which of the following BEST describes a chain of title?

55. A normal Illinois title search goes back how far?