Rhonda and Oliver bought an old schoolhouse with the hope of transforming it into a residence. They owned the property as joint tenants. After Oliver died, how did Rhonda own the building?

You’re working with a couple who are in the market for their first home. They’re full of questions, and today they’re asking about how homeownership will affect their tax burden. Of course, you answer by providing information that’s within the scope of your license. Which of these taxes would you mention to your clients as relevant to homeownership?

Which document provides an estimate of the costs a buyer is likely to pay at settlement before the closing?

Buyer Maria and seller Doug are closing on June 1. Maria’s mortgage loan is $927.86, and $871.86 will go to interest in the first month. Maria will have to pre-pay interest for June using the 360-day proration method. If Doug owns the closing day, what Maria's prepaid interest cost be at closing?

What's a quiet title action?

What do you have to prove in order to claim a piece of property through adverse possession?

Kevin and Regina sold their property to Vickey using a general warranty deed. Which of these statements is true?

Widget Corporation just bought land on which it plans to build a new manufacturing facility. How is the land owned?

Which document is used to establish proof of ownership?

Which of these statements is NOT true about an extended title insurance policy?

Select the statement that correctly exemplifies the covenant term.

If a property owner dies intestate and no heirs or creditors can be found, what becomes of the property?

Eva, Stella, and Lynn own a vacation home two blocks from the beach. Sadly, Stella passed away this winter, and so when summer arrives Eva and Lynn will be sharing the home with Stella’s nephew Drew, to whom Stella willed her share of the property. What type of ownership is this?

Shana received a devise from her mother. What might this be?

What's the purpose of the title search?

Mark is offering to purchase Sarah’s house. They agree, and open an escrow account together. Mark and Sarah would be considered what to the escrow?

In a California real estate transaction, which of these individuals would require a license to act as the escrow agent?

Which term is defined as the build-up of land near water from the accumulation of sand, silt, or gravel deposits?

Which of the following best describes the non-judicial foreclosure process?

Jerome has four grown children. When he dies, he leaves his home to all four children, making them tenants in common with equal shares. One child wants to live in the house, another wants to use it as investment property, and two others want to sell it and take the cash. When they can’t agree on a solution, they end up in court and the property is ______.