Real Estate License Transfer of Property 4

Question 1

The government's power to take private property for public use upon payment of just compensation is:

Accepted Answer

Eminent domain

Answer

Eminent domain lets the government take private land for public use with just compensation.

Question 2

The actual court proceeding by which the government exercises its power of eminent domain is called:

Accepted Answer

Condemnation

Answer

Condemnation is the legal process used to take property under eminent domain.

Question 3

A transfer of title that occurs by operation of law or natural events, without the owner's consent, is referred to as:

Accepted Answer

Involuntary alienation

Answer

Involuntary alienation transfers title without the owner's consent, as in foreclosure or escheat.

Question 4

Which document is typically used to transfer title of property held in a living trust to a beneficiary?

Accepted Answer

Trustee's deed

Answer

A trustee's deed conveys property out of a trust to the beneficiary or buyer.

Question 5

A deed given to a buyer of property at a court-ordered foreclosure or execution sale is usually a:

Accepted Answer

Sheriff's deed

Answer

A sheriff's deed conveys title following a foreclosure or judgment execution sale.

Real Estate License Practice Test