FREE Arkansas Real Estate License Property Ownership and Transfer Questions and Answers Flashcards
6 cards from real Arkansas Real Estate License practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 FREE Arkansas Real Estate License Property Ownership and Transfer Questions and Answers flashcards as text
In Arkansas, which document is used to transfer real property ownership upon the death of the owner through probate?
Answer: Executor's deed
An executor's deed is issued by the personal representative of an estate to transfer property to heirs or buyers as directed by the probate court.
What distinguishes a general warranty deed from a special warranty deed in Arkansas?
Answer: A general warranty deed warrants against all defects in title, even those predating the grantor's ownership
A general warranty deed provides the broadest protection by warranting against all title defects throughout the entire history of the property.
Under Arkansas law, what is the effect of an unrecorded deed between the original parties?
Answer: It is valid between the grantor and grantee but may not protect against third-party claims
An unrecorded deed is still valid between the original parties, but it fails to provide constructive notice and may not protect against subsequent bona fide purchasers.
Which type of co-ownership in Arkansas allows an owner to sell their share without the consent of the other owners?
Answer: Tenancy in common
Tenants in common can independently sell, transfer, or encumber their individual share without needing approval from the other co-owners.
What is the covenant of seisin in an Arkansas general warranty deed?
Answer: A guarantee that the grantor has the legal right and ownership to convey the property
The covenant of seisin is the grantor's warranty that they hold the title and have the authority to transfer the property.
In Arkansas, what happens to a joint tenancy if one co-owner sells their interest to a third party?
Answer: The joint tenancy is severed and becomes a tenancy in common
When a joint tenant transfers their interest, it severs the joint tenancy and the new owner holds their share as a tenant in common with the remaining owners.