Transfer of Property Flashcards
7 cards from real Real Estate License practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Transfer of Property flashcards as text
When a person dies leaving a valid will, they are said to have died:
Answer: Testate
Dying testate means the deceased left a valid will directing distribution.
A gift of real property made through a will is known as a:
Answer: Devise
A devise is a transfer of real property by will; bequests/legacies are personal property.
Acquiring title to land by openly and continuously occupying it without the owner's permission for a statutory period is called:
Answer: Adverse possession
Adverse possession allows a trespasser to gain title through open, notorious, continuous use over time.
The gradual addition of land by deposits of soil from a river is known as:
Answer: Accretion
Accretion is the slow buildup of land through waterborne soil deposits.
Which of the following is required for a valid will in most states?
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.
The legal process by which a court oversees the distribution of a deceased person's estate is called:
Answer: Probate
Probate is the court-supervised process of validating a will and distributing the estate.
Voluntary transfer of privately owned land to the public, such as for streets in a subdivision, is called:
Answer: Dedication
Dedication is the voluntary granting of private land for public use.