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Ga Real Estate 2023

Chapter 6 7& 8

QuestionAnswer
Someone claims ownership of a parcel of real estate to a prospective buyer, stating that she has lived on the property for 5 years & nobody has ever bothered her. She also shows the buyer a copy of the deed. The legal basis for this claim is referred to Actual notice
Constructive notice of ownership of a parcel of real estate is primarily demonstrated through... Title Records
An owner transfers title to a property to a buyer in exchange for a consideration. This is a example of.. Voluntary Alienation
For a Deed to Convey title it is necessary for the deed to be accepted by the Grantee
The Only Required Clause in a Deed of conveyance is one that States the grantors intentions to the estate being conveyed.
The purpose of a covenant clause in a Deed of conveyance is to State the Grantors assurance or warrant to the grantee that a certain that certain condition or fact concerning the property is true
The type of statutory deed that contains the most complete protection for the grantee is a General warranty Deed
Quitclaim Deed A deed which Conveys ones possible ownership interest to another party. The Grantor does not claim to own any interest & makes no warrants
A one time tax levied on a property for purposes of recording a transaction is called a... Documentary Stamp Tax
If a person dies with no legal heirs or relations and has left no valid will, what happens to real property owned by that person? It is taken by the state according to the process of escheat
Just prior to passing away, a person tell 2 witnesses that she would like her estate to pass to her husband. 1 witness records the statement and signs his name. This is an example of? An Unenforceable nuncupative will
A person having several wills dies intestate , the Property will Pass to Heirs by the Laws of descent & Distribution
The Fundamental of purpose of recoding instruments that effect Real Property is to Give Constructive Notice of ones rights and interests in the property
What Is "Chain of Title?"
The Torrens System differs from other title recording systems in that the ... Title is conveyed only when conveyance is Registered on the certificate
Created by: phyllese20
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