#1
Which of the following is a common way to transfer real property title?
Deed
Lease agreement
Handshake agreement
Verbal promise
#2
What does 'title' refer to in real property?
The right to occupy a property
The bundle of rights associated with ownership
The physical structure of the property
The annual property tax amount
#3
What does 'encumbrance' mean in real property?
An improvement made to the property
A restriction or claim on the property
A type of property tax
An agreement to transfer ownership
#4
What is the primary purpose of title insurance?
To insure against damage to the property
To insure against defects in the title
To insure against changes in property tax rates
To insure against natural disasters
#5
What is 'escrow' in real estate transactions?
A type of property tax
A neutral third party that holds documents and funds during a transaction
A type of mortgage agreement
A type of ownership transfer
#6
Which of the following is NOT a type of concurrent ownership?
Joint tenancy
Tenancy in common
Sole ownership
Tenancy by the entirety
#7
In real estate, what does 'chain of title' refer to?
A document showing the history of property ownership
The legal process of transferring property ownership
A type of deed used in specific transactions
The process of building a property
#8
What is 'adverse possession' in real property law?
A type of insurance for property owners
The process of gaining ownership of land by continuous use
A legal agreement between property owners
A type of property tax exemption
#9
Which of the following is NOT a type of deed commonly used in real estate transactions?
Quitclaim deed
Warranty deed
Warranty of habitability
Grant deed
#10
What does 'lien' mean in real property?
A type of deed
A claim against a property for unpaid debt
A type of insurance
A type of property tax
#11
What is an 'easement' in real property law?
A type of mortgage agreement
A restriction on land use
A right to use someone else's land for a specific purpose
A type of property tax
#12
What is 'fee simple' ownership in real property?
Ownership with limited rights
Ownership with no restrictions
Ownership with shared rights
Ownership with government restrictions
#13
What is 'tenancy by the entirety'?
Ownership by one person
Ownership by two or more people with rights of survivorship
Ownership by a married couple with rights of survivorship
Ownership by multiple people with unequal shares
#14
What does 'deed restriction' mean in real estate?
A restriction on the use of the property
A legal document transferring property ownership
A type of property tax exemption
A type of easement
#15
What is 'usufruct' in real property law?
A type of property tax
A right to use and enjoy the property of another
A type of mortgage agreement
A type of ownership transfer