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15
Apr
0

Real Estate Exam - Transfer of Title

Posted by on in Transfer of Property
Transfer of Title Practice Question   The key function of the deed is to _____________.               A) TRANSFER THE TITLE        B) GIVE NOTICE TO THE PUBLIC          C) GIVE NOTICE TO LIEN HOLDERS                  D) TRANSFER THE LEASE       The key function of the deed is to transfer the title of the property. A deed is a legal instrument that confirms the legal passing of the a property and conveys ownership.... Continue reading
01
Apr
0

Transfer a property from one individual to another?

Posted by on in Transfer of Property
What is used to transfer a property from one individual to another? 1) BILL OF SALE        2) DEED      3) RIPARIAN RIGHTS               4) FIXTURE AGREEMENT      The bill of sale is the legal document that will actually transfer the property from the old owner to the new owner. A new bill of sale is required every time the property is sold, and the deed stays with the land. Riparian – or Riparian Rights are rights associated with water. For example if there are six separate properties surround a lake, all property owners have equal... Continue reading
27
Mar
0

Warranty deed transfer the title to the grantee

Posted by on in Transfer of Property
When does the warranty deed transfer the title to the grantee?        A) WHEN THE DEED IS DELIVERED AND APPROVED                  B) WHEN THE DEED IS DELIVERED   C) WHEN THE DEED HAS BEEN SIGNED BY THE GRANTOR              D) WHEN THE DEED HAS BEEN ACKNOWLEDGED BY BOTH PARTYS      Explanation. The grantee must only accept delivery.  The grantee does not have to sign.          ... Continue reading

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