Unit 12 Quiz Attempt #4

Unit 12 Quiz Attempt #4

Time limit: 0

Quiz Summary

0 of 15 Questions completed

Questions:

Information

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

0 of 15 Questions answered correctly

Your time:

Time has elapsed

You have reached 0 of 0 point(s), (0)

Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)

Average score
Your score

Categories

Not categorized 0%
Q12V4 0%

You must review the content in this section and pass this quiz in order to proceed to the next unit.
Congrats, Proceed to the next Unit

*Proceed to Unit 13*

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

Current
Review
Answered
Correct
Incorrect

Question 1 of 15

1. Question
When transferring a title without the owner’s consent, which qualifies as a reasoning to have this kind of transfer
- Court Actions
- Natural Causes
- Operation of Law
- All of the Above
- None of the Above
Correct

Incorrect
Question 2 of 15

2. Question
What is a gift deed?
- A monetary gift to a relative
- A transfer of property to a relative
- An involuntary deed
- Voluntary deed
- A transfer of property to a relative & Voluntary deed
Correct

Incorrect
Question 3 of 15

3. Question
The government can accept property from individuals and companies, what is this called?
- Dedication
- An act of kindness
- A tax exemption
- A donation
- All of the above
Correct

Incorrect
Question 4 of 15

4. Question
If a property owner left no will, how will tier assets be distributed?
- Only the spouse
- Laws of succession of the state the property is located
- Only blood relatives
- All relatives
- All of the above
Correct

Incorrect
Question 5 of 15

5. Question
Which of the following is not true about community property distribution?
- Each spouse can only will their share of the estate
- Each spouse share in the estate is allocated based on each spouse contribution to purchasing the estate
- Each spouse automatically owns half of the estate
- If one spouse dies, then their half of the estate is granted to the surviving spouse
- None of the above
Correct

Incorrect
Question 6 of 15

6. Question
All of the following are true about adverse possession except
- Only paying taxes
- Living in the property for years
- Making improvements
- Cultivating the land
- None of the above
Correct

Incorrect
Question 7 of 15

7. Question
What do deed restrictions enforce an owner to specify
- What type of ownership the that a property can be held
- An amount of time it it is required to be owned before a legal transfer can be made
- Who is legally excluded from future ownership of said property
- The way property can be use and the improvements that can be added to it
Correct

Incorrect
Question 8 of 15

8. Question
The owner of a property want to control the future use of the property, what is the best way to implement this
- A deed restriction
- An injunction
- An easement
- A land trust
Correct

Incorrect
Question 9 of 15

9. Question
Conveying intrest to a person reguarding a property makes them the
- Familial Mortgagor
- Interested Mortgagor
- Grantee
- None of the above
Correct

Incorrect
Question 10 of 15

10. Question
Which of the following best describes a Title?
- A title refers to the bundle of rights entailed in owning the real property.
- A title is a written document used to transfer personal property.
- A title is used when someone contributes to the construction or rehabilitation of a property with labor or service.
- A title refers to the commitment to insure the property.
Correct

Incorrect
Question 11 of 15

11. Question
A deed must be signed by:
- the grantor
- the grantor and grantee
- the grantee
- the devisee
Correct

Incorrect
Question 12 of 15

12. Question
When a property owner’s land is sold for deliinquent taxes, ___ has occured.
- Voluntary alienation
- Adverse Possession
- Involuntary Alienation
- Conveyance of Property
Correct

Incorrect
Question 13 of 15

13. Question
Georgia does have a transfer tax in addition to an intangible tax. It is usually paid by the ____.
- buyer
- real estate attorney
- real estate agent
- seller
Correct

Incorrect
Question 14 of 15

14. Question
Which of the following is an involuntary transfer of property?
- condemnation
- inheritance
- gifting
- quitclaim
Correct

Incorrect
Question 15 of 15

15. Question
An example of “transfer of ownership” would be which answer?
- the assumption of mortgage debt by the property purchaser
- joint tenancy
- the purchase of property "subject" to the mortgage
- the assumption of mortgage debt by the property purchaser and the purchase of property "subject" to the mortgage
Correct

Incorrect

Login

Accessing this course requires a login. Please enter your credentials below!

Username or Email Address

Password

Remember Me

Lost Your Password?