IA Bar Property Law

Question 1

In Iowa, what is the statute of limitations for adverse possession of real property?

Accepted Answer

10 years

Answer

5 years

Answer

20 years

Answer

7 years

Question 2

Under Iowa law, what is a warranty deed?

Accepted Answer

A deed in which the grantor guarantees clear title and will defend against all claims

Answer

A deed that transfers property without any guarantees

Answer

A deed used only for government property transfers

Answer

A temporary transfer of property rights

Question 3

What is a life estate under Iowa property law?

Accepted Answer

An ownership interest that lasts only for the duration of a person's life

Answer

A 99-year lease agreement

Answer

An estate that passes automatically to the government upon death

Answer

A type of commercial property interest

Question 4

In Iowa, what is an easement?

Accepted Answer

A nonpossessory right to use another person's land for a specific purpose

Answer

Full ownership of a portion of another's property

Answer

A temporary lease agreement

Answer

The right to sell another person's property

Question 5

What is the Iowa recording statute's effect on property transfers?

Accepted Answer

An unrecorded deed is valid between the parties but may not protect against subsequent good-faith purchasers

Answer

An unrecorded deed is automatically void

Answer

Recording is not required for any property transfer

Answer

Only government agencies can record deeds

Question 6

Under Iowa law, what is a mechanic's lien?

Accepted Answer

A lien placed on property by a contractor or supplier who provided labor or materials but was not paid

Answer

A lien for unpaid vehicle repairs only

Answer

A government tax lien

Answer

A lien created by a mortgage agreement