TAB Tennessee Affiliate Broker Exam - Set 1 - 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: A buyer in an ordinary Franklin home sale wants the strongest possible assurance, with the seller standing behind title defects arising at any time back through every prior owner. Which deed provides this protection?

A quitclaim deed

A bargain and sale deed

A general warranty deed

A special warranty deed

Question 42: A bank forecloses on a Chattanooga house, holds it briefly, and resells it, willing to warrant title only against claims arising during its own short ownership. Which deed matches what the bank is willing to give?

A trustee's deed

A general warranty deed

A quitclaim deed

A special warranty deed

Question 43: During a Memphis divorce, one spouse must release any interest in the marital home to the other under the settlement, without admitting that any interest exists. Which deed is the standard instrument for this purpose?

A quitclaim deed

A general warranty deed

A bargain and sale deed

An executor's deed

Question 44: A reverse-style question asks which item a deed does not need in order to validly convey title between the grantor and the grantee. Which of the following is not required for validity?

Words of conveyance

The grantee's signature

An adequate legal description

A competent grantor

Question 45: Even after a careful title search, a buyer worries about a forged deed or an undisclosed heir that the public records could never reveal. Which product is designed to protect against such hidden defects?

A property survey

An abstract of title

Title insurance

An attorney's opinion of title

Question 46: A purchase contract obligates the seller to convey title free from reasonable doubt, the kind a prudent buyer would accept without buying a lawsuit. Which standard of title does this describe?

Insurable title

Perfect title

Equitable title

Marketable title

Question 47: A buyer takes title subject to a utility easement that was properly recorded in the chain, even though she never read the records herself. Which concept charges her with knowledge of that recorded easement?

Constructive notice

Inquiry notice

Marketable title

Actual notice

Question 48: A Franklin owner signs a deed conveying her duplex to her son, hands it to him saying it is his now, and dies weeks later before he records it. When did ownership pass to the son?

When the son took possession of the duplex

When the deed was delivered and accepted

When the son eventually recorded the deed

When the grantor signed the deed

Question 49: At a Tennessee closing, one neutral party orders the title work, receives and disburses the funds, records the instruments, and serves the transaction rather than either side. Which party fills this role?

The listing agent

The buyer's lender

The closing or settlement agent

The county register of deeds

Question 50: A Clarksville owner contracts to sell her home for less than the total debt secured against it, and the deal cannot close unless the lienholder agrees to release its lien. Who signs the deed conveying the property?

The foreclosure trustee signs a trustee's deed

The county register signs on the owner's behalf

The lender signs the deed as the seller

The owner remains the seller and signs the deed

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