The material terms in a contract to convey real estate would probably not include which of the following?

Names of the grantor

Names of thegrantee

Consideration paid

Description of the property

4. Location where the deed will executed by the grantor

The ' modern rule' with regard to the risk of loss,in most situations,is:

Seller retains risk of loss from the time of contracting until closing

The escrow agent assumes the risk of loss until closing

The risk of loss willdepend on the rules on the local municipality

NOne of the above

6.When encumbrances to title exist,which of the following is true?

Seller can ignore these unless the escrow agent requires they be addressed

The seller has a reasonableamount of time to address and cure the defects

The buyer can never waive outstanding encumbrances

The escrow agent has a reasonable amount of time to cure the defects

None of the above

When a buyer is involvedin a commercial transaction dealing with commercialreal estate:

The seller has a duty to disclose any serious environmentor other defects

The buyer has a duty to disclose any seriousenvironmentor other defects

The escrow agent has a duty to disclose any serious defects

None of the above

A notary public isrequired on a real estate deed if you want to:

Have the grantors signature upheld in court

Havethegranteessignature upheld in court

Record the deed in the real estate records

Have the legal description affirmed by the country clerk

Under the statue a bona fide purchaser of value,who does not have a notice of a prior transaction that was not recorded in the real estate records

Take subject to the prior conveyance

Takesubject to the prior conveyanceprovided the document was notarized

Takes title free and clear of the previous unrecorded conveyance

None of the above

Kelly Blue is selling property on which a mortgage exists.At closing,or prior to sale,which of the following is true?

The mortgage needs to be released

The mortgage needs to be disclosed to the buyer

The mortgage can be ignored, as long as it is disclosed

All of the above

Two individuals own an undivided on-half interest in a tract of land.One of the individuals is a farmer and wants to grow corn so plants 100acres.Which of the following is true?

The farmer needs the co-owners permission to plant a crop

The farmerneeds to account to the co-owner for any profit

The farmerneeds a court order to plant the corn

None of the above

Sally Jones owns a tract of land she is conveying to Bob Smith.In the chain of title a document from Sue Martin, a stranger to title, appears. Which of the following is true?

The grantor andgrantee must inquire what interest Martin is claiming

Jone must inquire what interest Martin is claiming

Smith must inquire what interest Martin is claiming

The parties can ignore Martin's document which would be considered a 'wild' document

A party forges Sally Jone's signature ona deed to Bob Smith. Bob Smith sells the property to John Sprite. Who holds title?

Jone since the forged signature is ineffective

Smith since the forged signature is ineffective

Depends on the intent of the parties

None of the above