Torrens system - Study guides, Class notes & Summaries

LPL4804 OCTOBER NOVEMBER EXAM PACK 2022/2023 ) LPL – 4804 – SUMMARIES S/U 1 – P 1 –OVERVIEW OF THE SOUTH AFRICAN LAND REGISTRATION SYSTEM 1. Differentiate between the positive and negative deeds registration systems. A. A positive system implies the following: a. The State guarantees to bona fidethird parties that the state register in the designated deeds registry is an authoritative record of the rights to clearly defined units of land. b. The State examines/investigates docum...

RECA Fundamentals Exam Questions and Answers Already Passed Which of the following is NOT a RECA educational resource for industry professionals? Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time Consumer Price Index (CPI) Which of the following will occur to the supply of a good when ther...

LEGAL ASPECTS OF REAL ESTATE – FINAL EXAM COMBINED SET QUESTIONS AND ANSWERS mistakes in the instrument - Answer-errors made in the preparation of the instrument to be recorded assurance of title - Answer-abstract of title; attorney's opinion; title insurance; torrens certificate abstract of title - Answer-summary of all recorded transactions, including deeds, mortgages, judgments, and the like, that affect the title to a specific parcel of land attorney's opinion - Answer-a...

Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - Answer Torrens System Non-judicial foreclosure is required to foreclose on a - Answer Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the neighborhood. This broker is guilty of - Answer Blockbusting What type of agency cannot be revoked by the principal, nor is terminated if the principal dies? - Answer Agency coupled with an inte...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT A history of all recorded liens and encumbrances is revealed in A) the title insurance policy. B) the abstract. C) the unrecorded documents. D) the chain of title. - answerThe answer is the abstract. The title insurance policy lists coverage and exceptions to the policy. Unrecorded documents have not been examined. The chain of title traces ownership. The abstract is the most complete documentation of recorded liens and ...

NATIONAL REAL ESTATE EXAM QUESTIONS AND ANSWERS| 100% CORRECT A history of all recorded liens and encumbrances is revealed in A) the title insurance policy. B) the abstract. C) the unrecorded documents. D) the chain of title. - answerThe answer is the abstract. The title insurance policy lists coverage and exceptions to the policy. Unrecorded documents have not been examined. The chain of title traces ownership. The abstract is the most complete documentation of recorded liens and ...

BLAW211 Mid-Term Study Test Questions and Answers All Correct Sources of Law - Answer-Methods of creating and interpreting laws, including legislation and common law. Constitutional Concepts - Answer-Principles defining government composition, functions, and citizen-state relations. Treaty of Waitangi - Answer-An important treaty in New Zealand history regulating Maori rights and land ownership. Torrens Property Registration System - Answer-A system ensuring the indefeasibility of p...

GA REAL ESTATE EXPRESS FINAL EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+/ Under the _______ of recording, title passes when the conveyance is registered on the title certificate. - -Torrens System Non-judicial foreclosure is required to foreclose on a - -Deed of Trust A broker induces an owner to sell by telling him that Muslims are moving into the neighborhood. This broker is guilty of - -Blockbusting What type of agency cannot be revoked by the principal, nor is terminated if the pri...

RECA Unit 4 Quiz Latest Update 100% Pass Which of the following is an example of an encumbrance on the title? 1. An easement 2. A caveat 3. An encroachment agreement 4. A discharge of registration A) Statements I, II, and IV B) Statements I, II, and III C) Statements II, III, and IV D) All statements apply B The municipal Land Use Bylaw outlines which of the following items? A) Details regarding the various land use classifications B) Permitted land uses and guidelines for...

Section 2 Barney Fletcher GA Questions And Answers Right of Survivorship The right whereby a surviving joint tenant gains sole title to the property Junior Lien A lien whose claim upon the asset is subordinate to another lien. The order of priority is usually established according to date of recordation. indefeasible title Title which is guaranteed by the court under the Torrens system or registered land system Grant, Grantor, Grantee To transfer the title to real property by deed T...