Warranty deed - Study guides, Class notes & Summaries

Ch. 5 - ANSWERDeeds and Titles All RE contracts must be in ______ - ANSWERwriting 6 Essential Elements of a Deed - ANSWER1. Grantor [Giver] 2. Grantee [Receiver] 3. Consideration [something of economic value] 4. Legal Description [metes/bounds, plats, etc] 5. Signatures [once have both, then it is considered executed] 6. Delivered [title not transferred UNTIL delivery to Grantee, filed with county] Covenants vs Warranties - ANSWERCovenant: agreement or promise [4] Warranty: guar...

ROCKWELL FINAL EXAM/ REAL ESTATE CLASSES WA FINAL EXAM 1 WITH CORRECT DETAILED ANSWERS AND RATIONALES/100% VERIFIED AND GRADED A+ A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - answer-b. bill of sale Rationale: Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receiv...

ROCKWELL EXAM REAL ESTATE CLASSES WA FINAL EXAM 1 REVIEW QUESTIONS AND ANSWERS, RATED A+/ A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - -b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will design...

MN Salesperson State Exam Questions and Answers Already Passed How many years shall a new home be free from defects caused by faulty workmanship and defective materials due to noncompliance with building standards? One year How many years a new home shall be free from defects caused by faulty installation of plumbing, electrical, heating and cooling systems due to noncompliance with building standards? Two Years How many years a new home shall be free from major construction defec...

** Chapter 9 - Gold Coast Real Estate HomeworkWhich instrument transfers title from one individual to another? (a) Contract (b) Deed (c) Warranty (d) Covenant - correct answer (b) Deed What does the term "title" refer to in real estate? (a) Any instrument that guarantees legal rights (b) A legal instrument that transfers property from one party to another (c) Ownership (d) A piece of bond paper - correct answer (c) Ownership What is a warrant in a deed? (a...

A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - correct answer b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will re...

Rockwell Exam Real Estate Classes WA Final Exam 1 Questions with Correct Answers 100% Verified A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - Correct Answer b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with hi...

Written documents affecting a title to real estate are recorded: A. where the titleholder resides B. where the titleholder has legal residence C. at the county clerk's office where the property is located D. at any county clerk's office in Texas (Ans - C. at the county clerk's office where the property is located A person appointed by a court to settle the estate of a deceased person when the executor cannot perform or refuses to perform is: A. another executor B. a legatee C. an administrato...

All of the following are likely to contain a legal description of a parcel of real property EXCEPT a: Select one: a.Mortgage. b.Tax statement. c.Preliminary title report. d.Deed. - Answer- Tax statement. If a person dies intestate, the estate passes to the deceased person's heirs according to the: Select one: a.Federal escheat laws. b.State's statue of descent and distribution. c.Judgment of the executor. d.Deceased person's will. - Answer- State's statue of descent and dist...

A buyer purchases a rental home that is fully furnished. The document used to transfer title to the furniture is: a. quitclaim deed b. bill of sale c. special warranty deed d. general warranty deed - b. bill of sale Deeds transfer title to real estate, a bill of sale is generally needed to transfer title to personal property. Ben receives a life estate in a property, with his nephew Will designated as the remainderman. When Ben dies, what kind of interest does Will receive? A. Fee Simpl...