RIRES Rhode Island Real Estate Salesperson - 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: An elderly Newport owner signs a completed deed to her historic home but locks it in her own safe, telling no one and handing it to no one, meaning to reconsider the gift later. Which requirement remains unmet, so title has not yet passed?
Question 42: A deed for a Bristol colonial describes the parcel by its lot and block number referencing a recorded subdivision plat, allowing the boundaries to be located on the ground with certainty. Which requirement of a valid deed does this precise identification fulfill?
Question 43: Three unrelated friends jointly purchase a Newport triple-decker, and the deed is completely silent about survivorship or the size of each owner's share. Each of them may sell, mortgage, or devise his interest without the others' consent. How do the three hold title?
Question 44: A homeowner selling her historic Cranston colonial signs a deed containing the words 'I hereby grant, bargain, and convey' to show her present intent to pass ownership to the buyer. Which essential element of a valid deed do those operative words of conveyance supply?
Question 45: A single investor in Providence takes title to a downtown office building entirely in her own name, and no other person or entity holds any interest of any kind in the property. Which of the following terms describes this form of ownership by one owner alone?
Question 46: Before a Westerly closing, a title searcher compiles a condensed, chronological history of every recorded deed, mortgage, and lien affecting the parcel, and an attorney then reviews it and issues a written opinion on the title. What is this condensed history called?
Question 47: A homeowner in Westerly has an unpaid federal income tax judgment that attaches to all of her property, both real and personal, rather than to a single named parcel. A colleague asks how this kind of lien is classified. Which term applies?
Question 48: A licensee studies the ways ownership of real property can change hands and must separate transfers the owner chooses from those forced on the owner through operation of law. Which of the following is an example of involuntary alienation of title?
Question 49: A retail boutique in a Bristol shopping center signs a lease requiring a fixed minimum monthly rent plus an additional amount tied directly to the store's gross sales for the year. Which type of lease payment arrangement does this describe?
Question 50: A state transportation agency needs a strip of a Providence owner's land to widen a highway, and after the owner refuses to sell, the agency begins a court proceeding to take it while paying fair value. Which governmental power is being exercised here?
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