Recording of the deed - Study guides, Class notes & Summaries

Escrow Sample Test Questions and Answers Rated A An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a transfer of interest in property, d) is responsible for guaranteeing funds. A, B, C, E When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only when the written instructions require recording...

Superior School of Real Estate Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Three joint tenants with rights of survivorship own a parcel of land. One owner sells his interest to a long-time friend. After the conveyance, the remaining original owners: A. become tenants in common with each other B. become tenants in common with each other and the newest owner C. become joint tenants with the newest owner D. remain joint tenants with each othe...

Commercial Real Estate SAE - Champion's School of Real Estate 495 Questions with Verified Answers Productivity Management - CORRECT ANSWER Measuring the results from the use of available systems and tools for prospecting activities CRM - CORRECT ANSWER Contact Relationship Manager, a tool used to automate prospecting tasks and manage leads Geographic farming - CORRECT ANSWER A particular area that may include neighborhoods that a sales agent or broker markets for the solicitation of bu...

Ohio Notary Public Test Cuyahoga (2024) || Questions & Answers (Expert Verified) Ohio Notary Public Test Cuyahoga (2024) || Questions & Answers (Expert Verified) Term of Office - ANSWER - 5 years Define what a notary is - ANSWER - A public officer appointed by the Ohio secretary of state to serve its citizens as an impartial witness to a transaction Who appoints the notary public? - ANSWER - A Ohio Secretary of state As a notary what will you be able to do? - ANSWER - 1.) Administer...

$1,000 - Answer-The declaration of homestead in Oklahoma, filed by the head of a family by March 15, will exempt from the assessed valuation of the property the amount of 1 - Answer-How many base lines intersect each principal meridian in the rectangular survey system 12 - Answer-How many lots, each measuring 72.5 feet wide by 100 feet deep, could be made from a two-acre parcel of land? 4 - Answer-How many years are the Oklahoma Real Estate Commissioners appointed to serve? 40 - Answer-How...

WRA Chapter 8 Latest 2024 Already Passed Easement by Prescription An easement created by adverse use of a property over a statutory period. Chain of Title Chronological record of a property's ownership. Specific Lien A claim against a piece of property. Gap Endorsement When a title company will provide coverage for liens that occur between the title commitment and the recording of the deed. Warranty Deed A deed in which the grantor warrants clear title to the property. Personal Representat...

Georgia Real Estate Exam Study Guide Latest Update Rated A+ 100% Commission Plan A method of compensating salespeople where each salesperson pays the broker a monthly fee for the use of office space, support services, and the broker's name, and in return, the salesperson keeps 100% of the commission. 43560 The number of squarefeet in one acre. Absolute Delivery A grantor's hand delivery of a deed to the grantee. Abstract of Title A condensed history of all conveyances, liens,...

Which of the following is NOT required for a deed to be valid? 1. Delivery 2. Acceptance 3. Conveyance 4. Recordation correct answers 4. Recordation While recording a deed does not affect its validity, it is extremely important to record since recordation protects the grantee. If a grantee fails to record, and another deed or any other document encumbering or affecting the title is recorded, the first grantee is in jeopardy. Habendum Clause correct answers "to have and to hold" langu...

ASREB National Test A-4 Questions and Answers 100% Verified Recording easements do which of the following? Place an encroachment on the property Place an encumbrance on the property Place a lien on the property Places a deed restriction on the property Answer-Place an encumbrance on the property

What is the loan balance called? - ANS the principal Charging interest in excess of this rate is called __________ or illegal interest. - ANS usury What is the total dollar amount of interest and points paid by a borrower at closing. - ANS prepaid interest What are a one-time fee paid at closing to increase the yield to the investor. - ANS points Points give the lender more money up-front so he will be encouraged to make a loan at a __________ interest rate. - ANS lo...