CP CP Real Property and Real Estate Law

Question 1

Which type of deed provides the greatest protection to the grantee by warranting title against all defects, even those arising before the grantor acquired the property?

Accepted Answer

General warranty deed

Answer

Quitclaim deed

Answer

Special warranty deed

Answer

Bargain and sale deed

Question 2

What is the legal term for the right of a mortgage lender to foreclose on property and sell it when the borrower defaults on the loan?

Accepted Answer

Power of sale

Answer

Lis pendens

Answer

Redemption

Answer

Deficiency judgment

Question 3

A homeowner grants a utility company the right to run power lines across a corner of their property. This is an example of which real property concept?

Accepted Answer

Easement in gross

Answer

Easement appurtenant

Answer

License

Answer

Profit à prendre

Question 4

Under the doctrine of adverse possession, which element requires that the possessor's use of the land be inconsistent with the true owner's rights?

Accepted Answer

Hostile

Answer

Open and notorious

Answer

Exclusive

Answer

Continuous

Question 5

What document gives public notice of a pending lawsuit that may affect title to real property?

Accepted Answer

Lis pendens

Answer

Deed of trust

Answer

Abstract of title

Answer

Certificate of occupancy

Question 6

Which type of co-ownership allows two or more persons to hold equal, undivided shares with a right of survivorship, meaning a deceased owner's share passes automatically to the surviving co-owners?

Accepted Answer

Joint tenancy

Answer

Tenancy in common

Answer

Tenancy by the entirety

Answer

Tenancy at will