chap15 Flashcards
A deed to relinquish any interest in property with the grantor without interference of possession is known as a…?
A Quitclaim Deed
B Warranty Deed
C Injunction
D Contract
Quitclaim Deed
A written instrument which when properly executed and delivered conveys title to real property from one person (grantor) to another (grantee) is known as a…?
A Deed
B Injunction
C Acknowledgement
D Lien
deed
The official proving of a will is also known as…?
A Power of Attorney
B Probate
C Testate
D Notice
probate
A person or institution appointed by a testator to carry out the terms of their will is known as a…?
A Administrator
B Trustor
C Executor
D Trustee
executor
A person appointed by a court to administer the estate of a one who has died intestate is known as a…?
A Administrator
B Trustor
C Executor
D Trustee
Administrator
This is a section of the U.S. Internal Revenue Service Code that allows investors to defer capital gains taxes on any exchange of like-kind properties for business or investment purposes…?
A 940 Exchange
B 1031 Exchange
C 1099 Exchange
D Chapter 11 Exchange
B 1031 Exchange
When two or more natural persons own property that comes with a special benefit called the right of survivorship, it is referred to as a…?
A Joint Venture
B Tenancy in Common
C Tenancy in Entirety
D Joint Tenancy
Joint Tenancy
To mingle or mix, for example, a client’s funds in the broker’s personal or general account is known as…?
A Commingling
B Consideration
C Escrow
D Conversion
Commingling
This federal law prohibited all discrimination on the basis of race only…?
A Civil Rights Act of 1866
B Civil Rights Act of 1964
C Civil Rights Act of 1969
D Federal Fair Housing Act
Civil Rights Act of 1866
This Act prohibited discrimination on the basis of race, sex, color, national origin, or gender in any housing program receiving federal money…?
A Civil Rights Act of 1866
B Civil Rights Act of 1964
C Civil Rights Act of 1969
D Federal Fair Housing Act
civil Rights Act of 1964
This is known as the use of prejudice to instill fear, or panic (also known as panic selling), in order to motivate individuals in a particular area or neighborhood to sell or dispose of their property because of the entrance, or potential entry, of a protected class…?
A Redlining
B Steering
C Testing
D Blockbusting
Blockbusting
This is known as the refusal to lend money within a specific area…?
A Redlining
B Steering
C Testing
D Blockbusting
Redlining
Regular insurance coverage does NOT cover unrecorded claims…?
AT (True)
BF (False)
true
This occurs when using racial, ethnic, or religious criteria in suggesting, recommending, and/or influencing individuals regarding locations for the purchase or rental of a single family residence or rental dwelling…?
A Redlining
B Steering
C Testing
D Blockbusting
Steering
A property manager is an example of a…?
A General Agent
B Specific Agent
C Universal Agent
D Special Agent
General Agent