Exam 49: Transfer and Control of Real Property

Anders Builders builds and sells new residences.According to the law in all states, Anders impliedly warrants to the original purchasers and to subsequent buyers for a reasonable time that the houses are free of latent defects.

If Nate gives a warranty deed to Carla, it includes Nate's promise that he will be liable to Carla for any defects in title.

Judah  assumes the mortgage when she  purchases Erick's house.Which of the following is true?

Latosha grants a quitclaim deed to some property to Glenn.Now Glenn has found that someone else has a life estate in the land.Latosha has breached the warranty of title.

A doctrine allowing a mortgagor to relieve her property from a mortgage lien by paying the debt that the mortgage secures is known as:

When a contract involving the sale of real estate calls for the delivery of the deed in return for the purchase price on a certain day, this performance is known as:

Marketable title means that the title is free from which of the following?

Someone who expressly assumes a mortgage is personally obligated to pay it.

The case of VonHoldt v.Barba & Barba Construction, Inc.held that:

In a notice-race state:

In most states, it is not necessary to record a deed for title to pass to the grantee.

The seller's warranty that he has marketable title to the land would be breached if the buyer discovers:

A deed ordinarily contains all of the following except:

A special warranty deed will give the buyer better rights against the grantor (seller) than a general warranty deed.

The Fair Housing Act only prohibits discrimination based on race and color.

Which of the following is INCORRECT regarding zoning?

Joel lived in a block with a mixture of one-family and two-family homes.He finished the third floor of his home for his family and when his children left home, he rented the space out as two apartments.Six months later, the town enacted a zoning ordinance restricting occupancy of the building to a maximum of two unrelated families.Joel's best argument for waiving the ordinance is:

In order for a deed to be effective between the purchaser and the seller of real estate, the deed must:

A deed containing a number of promises including covenant of title, quiet enjoyment, against encumbrances, and warranty are found in a:

The Dodd-Frank Act of 2010: