Updated: Jul 03, 2026
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1. A purchaser on a real estate contract has what interest in the subject property?
A) purchaser's interest
B) fee simple interest
C) vendee's interest
D) equitable interest
2. Which document is recorded in the recorder of deeds?
A) notice of lis pendens
B) civil judgment
C) mechanic's lien
D) realty transfer tax statement of value
3. A chain of title is best described as
A) a grantor/grantee index.
B) a series of conveyances of public record.
C) an historical record of liens on the property.
D) an opinion of title provided by an attorney.
4. The process by which a mortgage is enforced against real estate is called a
A) sheriff's sale.
B) non-judicial foreclosure.
C) trustee sale.
D) forfeiture.
5. A deed to a lot in Greenacre is recorded. Two parties who are NOT married to each other are named as grantees. The deed does NOT mention any form of tenancy. How do the grantees hold title to the lot?
A) as tenants at sufferance
B) as tenants in common
C) as joint tenants
D) as tenants by the entireties
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: B |
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