OKRES Oklahoma Real Estate Salesperson Exam - Set 2 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: To clear a possible cloud on title, a person who might hold a minor claim signs a deed releasing whatever interest she may have, but makes no promises that she owns anything at all. Which deed carries the fewest guarantees to the grantee?

A general warranty deed

A special warranty deed

A quitclaim deed

A bargain and sale deed

Question 42: A seller is willing to guarantee the title only against defects that arose while the seller personally owned the property, but refuses to warrant against anything that happened before the seller acquired it. Which deed matches this limited promise the seller is offering?

A general warranty deed

A special warranty deed

A quitclaim deed

A trustee's deed

Question 43: A paralegal reviews a deed to confirm it can legally transfer ownership. She checks for a competent grantor, a named grantee, consideration, words of conveyance, an adequate legal description, and the grantor's signature. Which additional element is essential to make the transfer effective?

The grantee's signature

A recorded survey

Payment of transfer tax

Delivery and acceptance

Question 44: A grandmother signs a completed deed naming her grandson as grantee but locks it in her own safe deposit box, telling no one, intending it to take effect only after she dies. During her life, why does this deed not transfer title to the grandson?

It was never delivered during her life

The grandson never paid consideration

It lacked a legal description

The grantee did not sign it

Question 45: A person occupies a neighbor's vacant lot openly and continuously, treating it as her own without permission and excluding others, for longer than the period set by state statute. Through which legal doctrine might she eventually acquire title to that lot?

Eminent domain

Prescriptive license

Adverse possession

Voluntary alienation

Question 46: A property owner dies leaving a valid written will that directs a specific parcel of real estate to a named beneficiary. The owner is said to have died testate. What is the correct term for the gift of that real property made by the will?

A bequest of personalty

A devise

An intestate share

An escheat

Question 47: A person dies owning real estate without leaving any valid will, but is survived by several close relatives who qualify as heirs. State law determines who inherits the property. Which body of law governs the distribution of the estate in this situation?

The law of devise

The doctrine of escheat

The rule of eminent domain

The law of descent and distribution

Question 48: A buyer records his new deed in the county land records right after closing. Even a later purchaser who never actually reads those records is legally presumed to know of the recorded deed. What is this legal presumption of knowledge called?

Constructive notice

Actual notice

A cloud on title

Marketable title

Question 49: At closing, a buyer obtains a policy that protects against losses from certain hidden title defects, such as a forged deed or an undiscovered heir, that existed before the policy date. Which product provides this protection against past title problems?

A homeowners hazard policy

A home warranty

Title insurance

Private mortgage insurance

Question 50: A purchase contract requires the seller to convey a title so free of serious defects, liens, and doubts that a reasonably prudent buyer would accept it and it could be resold or mortgaged without difficulty. What is this quality of title called?

Equitable title

Constructive notice

Color of title

Marketable title

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