GOLD COAST FLORIDA REAL ESTATE
EXAM - CHAPTER 9 STUDY GUIDE |
LAWS, RULES & EXAM TIPS
ownership. - correct answers ✔✔Title to Real Property
Title means
recording documents in the public records. - correct answers ✔✔Constructive Notice
also called legal notice, is achieved by
fee simple that is free from litigation and defects - correct answers ✔✔Marketable or
merchantable title is
, title in
chain of title or an Abstract - correct answers ✔✔A search of the public records, linking
all past owners of a parcel of land, from the root of the title to the present day, is called
opinion of title - correct answers ✔✔When an attorney conducts such a review and
renders an opinion, it is called an
defective title. - correct answers ✔✔Title Insurance
Provides protection against losses as the result of a
transferrable - correct answers ✔✔The policy is not
"alienation of title". - correct answers ✔✔Transferring or conveying ownership from one
party to another is called
voluntary or involuntary. - correct answers ✔✔Alienation may be
Transfer of title from the government to an individual - correct answers ✔✔Define a
Public Grant
A document that conveys title from one party to another - correct answers ✔✔Define a
Deed
A document that provides for the transfer of title upon death - correct answers
✔✔Define a Will
A legal principle under which an owner may lose title to another person who has taken
control of the property. - correct answers ✔✔Define Adverse Possession
-Open
-Adverse
-Hostile
-Exclusive
-For 7 years - correct answers ✔✔In adverse possession, the person taking possession
must enter into
A legal principle under which ownership may be lost because of the owner's failure to
provide public notice of ownership. - correct answers ✔✔Define Estoppell
The government's right to take private property for public benefit - correct answers
✔✔Eminent Domain
Reversion of property to the state if someone dies intestate and with no heirs - correct
answers ✔✔Escheat
EXAM - CHAPTER 9 STUDY GUIDE |
LAWS, RULES & EXAM TIPS
ownership. - correct answers ✔✔Title to Real Property
Title means
recording documents in the public records. - correct answers ✔✔Constructive Notice
also called legal notice, is achieved by
fee simple that is free from litigation and defects - correct answers ✔✔Marketable or
merchantable title is
, title in
chain of title or an Abstract - correct answers ✔✔A search of the public records, linking
all past owners of a parcel of land, from the root of the title to the present day, is called
opinion of title - correct answers ✔✔When an attorney conducts such a review and
renders an opinion, it is called an
defective title. - correct answers ✔✔Title Insurance
Provides protection against losses as the result of a
transferrable - correct answers ✔✔The policy is not
"alienation of title". - correct answers ✔✔Transferring or conveying ownership from one
party to another is called
voluntary or involuntary. - correct answers ✔✔Alienation may be
Transfer of title from the government to an individual - correct answers ✔✔Define a
Public Grant
A document that conveys title from one party to another - correct answers ✔✔Define a
Deed
A document that provides for the transfer of title upon death - correct answers
✔✔Define a Will
A legal principle under which an owner may lose title to another person who has taken
control of the property. - correct answers ✔✔Define Adverse Possession
-Open
-Adverse
-Hostile
-Exclusive
-For 7 years - correct answers ✔✔In adverse possession, the person taking possession
must enter into
A legal principle under which ownership may be lost because of the owner's failure to
provide public notice of ownership. - correct answers ✔✔Define Estoppell
The government's right to take private property for public benefit - correct answers
✔✔Eminent Domain
Reversion of property to the state if someone dies intestate and with no heirs - correct
answers ✔✔Escheat
