Real Estate License Transfer of Property 3 — Questions and Answers
Question 1: When a person dies leaving a valid will, they are said to have died:
- Intestate
- Testate (Correct answer)
- In escheat
- By devise
Correct answer: Testate
Dying testate means the deceased left a valid will directing distribution.
Question 2: A gift of real property made through a will is known as a:
- Bequest
- Devise (Correct answer)
- Legacy
- Codicil
Correct answer: Devise
A devise is a transfer of real property by will; bequests/legacies are personal property.
Question 3: Acquiring title to land by openly and continuously occupying it without the owner's permission for a statutory period is called:
- Adverse possession (Correct answer)
- Accretion
- Avulsion
- Dedication
Correct answer: Adverse possession
Adverse possession allows a trespasser to gain title through open, notorious, continuous use over time.
Question 4: The gradual addition of land by deposits of soil from a river is known as:
- Erosion
- Avulsion
- Accretion (Correct answer)
- Reliction
Correct answer: Accretion
Accretion is the slow buildup of land through waterborne soil deposits.
Question 5: Which of the following is required for a valid will in most states?
- Recording with the county recorder
- The testator being of legal age and sound mind (Correct answer)
- Approval by a real estate broker
- Payment of estate taxes in advance
Correct answer: The testator being of legal age and sound mind
A valid will requires the testator to be of legal age and of sound mind.
Question 6: The legal process by which a court oversees the distribution of a deceased person's estate is called:
- Probate (Correct answer)
- Partition
- Foreclosure
- Condemnation
Correct answer: Probate
Probate is the court-supervised process of validating a will and distributing the estate.
Question 7: Voluntary transfer of privately owned land to the public, such as for streets in a subdivision, is called:
- Dedication (Correct answer)
- Escheat
- Eminent domain
- Alienation
Correct answer: Dedication
Dedication is the voluntary granting of private land for public use.
Real Estate License Transfer of Property 3
When a person dies leaving a valid will, they are said to have died: