R E Ch 10 Instruments and Transfer and deeds

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Last updated 4:48 PM on 6/16/26
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10 Terms

1
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Something that is legally known, but not recorded -- for example, posting or advertising in the newspaper, or that which can be seen by observing, such as an unrecorded easement -- is called:

Actual notice.

2
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Which of the following descriptions applies to a "Covenant of Further Assurance"?

"If there is a defect, I promise to take care of any problems."

3
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Information that can be obtained from the public records at the courthouse is known as:

Constructive notice.

4
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Which of the following means, in essence, "I own it and I can convey it to you"?

General warranty deed.

5
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In Nevada, the recordation of a deed must be accompanied by:

A Nevada Tax Commission Declaration of Value.

6
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The deed most commonly used to transfer property under a purchase contract in Nevada is:

Grant, bargain, and sale deed.

7
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Which of the following terms means "a type of company that sells securities specializing in real estate ventures, and requires a minimum of 100 investors"?

A real estate investment trust, or REIT.

8
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A state law that requires certain contracts to be in writing and signed by the party/parties (to the contract) before the contract is considered "legally enforceable in a court of law" is known as:

The Statute of Frauds.

9
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According to Nevada law, the grantor of a deed must be at least how old to execute the deed?

18 years old.

10
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A _____________ gives a person the chance to invest his or her money by purchasing real estate that he or she would otherwise not have been able to afford

real estate syndication