ASREB National Test A-3 Questions and Answers 100% Verified
12 views 0 purchase
Module
ASREB
Institution
ASREB
ASREB National Test A-3 Questions and Answers 100%
Verified
When a person receives real estate through a will, this is called:
Demise
Bequest
Devise
Legacy Answer-Devise
A quit claim deed would do which of the following:
Remove a cloud on a title
Deny the spouse an interest
Verify the tax...
ASREB National Test A-3 Questions and Answers 100%
Verified
When a person receives real estate through a will, this is called:
Demise
Bequest
Devise
Legacy Answer-Devise
A quit claim deed would do which of the following:
Remove a cloud on a title
Deny the spouse an interest
Verify the tax liability
Establish a homestead Answer-Remove the cloud on title
Which type of deed would have three promises and two warranties:
Special warranty
General warranty
Bargain and sale
Quit claim Answer-General warranty
When a lessee is promised "quiet enjoyment", it means:
No sound would be heard between two walls
The lease will not be terminated if the property is sold
, ASREB National Test A-3 Questions and Answers 100%
Verified
The area would be free of noise
No liens would exist on the property Answer-The lease will not be terminated if the
property is sold
When a document is recorded, what type of notice is given?
Actual
Constructive
Implied
Universal Answer-Constructive
Quiet enjoyment is best described as a covenant in a
Bill of Sale
Not
Tax lien
Deed Answer-Deed
An abstract of title is best described as
Quiet title suit
Certificate of sale
History of title
Adverse title Answer-History of title
, ASREB National Test A-3 Questions and Answers 100%
Verified
In order to have a valid deed, the final step is:
Legal consideration
Signatures
Delivery
Acknowledgment Answer-Delivery
The following is a type of Bargain and Sale deed
Sheriff's deed
Special warranty deed
Certificate of sale
Disclaimer deed Answer-Sheriff's deed
Who must sign a deed?
Grantor
Grantee
Grantor, Grantee, Broker
Escrow officer Answer-Grantor
Who is covered by an ALTA policy?
Buyer
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller GOLDTUTORS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £12.37. You're not tied to anything after your purchase.