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Business
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Real Estate Principles
Quiz 3: Conveying Real Property Interests
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Question 1
Multiple Choice
At the death of a property owner, property will convey either in accordance with a will or without a will. If a will dictates the distribution of the decedent's real property, the property is said to be:
Question 2
Multiple Choice
Recognizing that only recent conveyances alter the status of title, states have established laws that set limits on how far back a title search must go. These laws are commonly referred to as:
Question 3
Multiple Choice
A deed is a special form of written contract used to convey a permanent interest in real property. Unlike most contracts, a deed requires:
Question 4
Multiple Choice
Most often used in the description of urban property, which of the following methods of land description contains information regarding the location of various easements and may even contain a list of restrictive covenants?
Question 5
Multiple Choice
One of the most important requirements of a land description is for it to be unambiguous. Which of the following methods of property description is the most unambiguous and is appropriate for use in legal documents?