UNIT 6:

BOBRA TAHAN

HOWARD HARRIS

TRANSFER OF PROPERTY

CALIFORNIA INTERACTIVE

STUDY GROUP

1

Study Group Information

Information regarding the Study Group

may be found at:

www.kapre.com/caisg

At this location you will find:

Calendar of discussion topics

Links to discussion questions

2

Notes for Tonight

Chat has now been switched to a Moderated Mode.

Bobra Tahan and Howard Harris will both still see your

Chat; however, the other students will no longer see

Your chat unless either instructor sends your chat

to the classroom. This will help preserve the

anonymity of your answers.

Even so, do not put anything into the chat that you

would not want everyone to see.

3

Contact Information

Bobra Tahan and Howard Harris both have access to

this account:

releadinstructorca@brightwood.edu

If you would like to discuss something on the phone,

please send your phone number in the email and the best times to reach you.

4

Unit 6:

TRANSFER OF PROPERTY

TOPICS TO BE DISCUSSED:

Deeds

Escrow

Insurance

Taxes

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QUESTION

The act of conveying real estate to someone is

called

A. Alienation

B. Diversification

C. Subdivision

D. Acquisition

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QUESTION

Which are needed for a valid deed?

A. Signature of Grantor, date, property description

B. Property description, notarization, date

C. Signature of Grantor, property description,

granting clause

D. Signature of Grantee, date, property description

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QUESTION

For a valid deed to transfer title, the

deed has to be:

A. Delivered by the grantor

B. Accepted by the grantee

C. Both A and B

D. Neither A nor B

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QUESTION

Which must be true for a deed to be effective?

A. The deed must be dated

B. The deed must be notarized

C. The deed must be recorded

D. None of the above

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QUESTION

Deeds and other property documents are recorded

in:

A. The county where the property is located.

B. The Bureau of Real Estate’s office in

Sacramento

C. The office of the Secretary of the State

D. The assessor’s office

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QUESTION

Which of the following typically is not covered by a

standard title insurance (CLTA) policy?

A. Matters of record

B. Improper delivery

C. Forgery and fraud

D. Encroachments

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QUESTION

Which of the following typically is covered by an

extended title insurance (ALTA) policy?

A. All risks typically covered by a standard title

insurance (CLTA) policy

B. Unrecorded liens and encroachments

C. Parties in possession

D. All of the above

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QUESTION

Which type of title insurance typically is most often

obtained to protect buyers?

A. Standard title insurance (CLTA)

B. Extended title insurance (ALTA)

C. Exclusive title insurance (ELTA)

D. Buyer’s title insurance (BLTA)

13

QUESTION

A zoning violation is a risk covered by which type of

title insurance policy?

A. The standard title insurance (CLTA)

B. An extended title insurance (ALTA)

C. Both A and B

D. None of the above

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QUESTION

Extended title insurance (ALTA) policies cover which

title defects:

A. An existing lien that was not recorded as of the

date of close of escrow

B. A lien that was recorded as of the close of escrow,

known to the buyer, but not listed as an exception in

the preliminary title report

C. A prescriptive easement not visible on the

property

D. None of the above

15

QUESTION

If a dispute arises during escrow, an escrow agent

can legally release deposit money with:

A. Signed instructions from the Seller

B. Signed instructions from the Buyer

C. Signed instruction from both the Buyer and the

Seller

D. Only with a court order

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QUESTION

The right to receive A Closing Disclosure statement

no later than 3 days before the closing can be

waived by:

A. The Buyer simply waiving the time

B. The Buyer identifying an economic reason

requiring a waiver of time

C. The Seller by simply waiving the time

D. Never

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QUESTION

Which term identifies a transfer of real Property?

A. Dedication

B. Public Grant

C. Private Grant

D. All of the above

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TRANSFERS OF REAL PROPERTY19

PATENT EXAMPLE20

QUESTION

A trustee’s deed is issued by a trustee to a trustor

when:

A. When a note secured by a trust deed is paid off

B. When a note secured by a trust deed is created

C. At the completion of a foreclosure sale

D. Never

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TAX CALENDAR22

QUESTION

Which of the following statements is true for the tax

year 2017-2018?

A. The taxes due become a lien if not paid by April

10, 2018

B. The taxes for the tax year must be paid in full by

December 10, 2017 to avoid a penalty

C. A lien is recorded for the taxes in January 2017

D. A lien might be recorded for taxes due on June

30, 2018

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QUESTION

Homeowners can appeal an assessor’s opinion of

value to a:

A. Local assessment appeals board

B. County board of supervisors

C. County tax collector

D. Recorder’s office

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QUESTION

Taxes against a specific group of properties that

benefit from public improvements are:

A. Special assessments

B. Local property taxes

C. Mello-Roos

D. Not done

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CONCLUSION

Both Bobra Tahan and Howard Harris have

access to this account:

releadinstructorca@brightwood.edu

If you would like to discuss something on the

phone, please send your phone number in the

email and the best times to reach you.

26