1. List the three types of Freehold Estates? Which one is the most common type Landowners hold?
2. List the 4 types of Nonfreehold Estates and state how each one differs from the others?
3. Explain the use of a Grant Deed and what are its two implied warranties? What important aspect is not included in a Grant Deeds implied warranty?
4. List the 7 requirements for a Deed to be Valid?
5. What are the 5 elements to obtain an Adverse Possession of a property? What are ways the current landowner can block such a procedure?
6. Explain the difference between Eminent Domain and Police Powers (like zoning)?
7. Describe Joint Tenancy ownership including the 4 unities that create Joint Tenancy? Describe what happens to the ownership in a situation when one of the three joint tenancy owners dies?
8. What makes ownership as Tenancy in Common different than Joint Tenancy?
9. How can property ownership be held as Community Property? Whats the difference between holding ownership as Community Property versus holding Community Property with Right of Survivorship?
10. What is the definition of a Mechanic who would be qualified to file a Mechanics lien? If an Owner has not filed a Notice of Completion or Cessation of Labor, how many days does a mechanic get to file their lien?