David Saks: November 2009

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 392


If te government decides to transfer the title of property to a private party this is carried out by means of an instrument commonly known as a quitclaim deed.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.


A. False

When a private party receives title to property from the government the govermnment will issue a patent to that party.

Generally speaking, a patent is an instrument which is used to convey a parcel of government land to a private party.

Just like granting an inventor the sole rights to an invention, the government is granting an individual the sole rights to a piece of land formerly owned by the government.

David Saks

Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • November 02 2009 02:18AM
Real Estate Practice : Lesson 392
#392 If te government decides to transfer the title of property to a private party this is carried out by means of an instrument commonly known as a quitclaim deed. Is this true or… more
Real Estate Practice : Lesson 391
#391 When real estate is transferred from one party to another the process is commonly referred to as the avulsion of quitclaim. Is this statement true or false Please take your… more
Real Estate Practice : Lesson 390
#390 An owner of a parcel of real estate allows a trespasser to continue trespassing on the land and takes no action against the trespasser throughout a statutory period. The trespasser… more
Real Estate Practice : Lesson 389
#389 When we talk about a license a license is always considered to be an example of a restriction which is invariably combined with an encroachment. Is this true or false … more
Real Estate Practice : Lesson 388
#388 When the government decides to take over the ownership of a piece of real estate for public use this right of the government to take the real estate is known as the monopoly of… more
Real Estate Practice : Lesson 387
#387 Most states have a law which says that a comparative market analysis, a CMA, must be performed for every listing taken by a brokerage, and that the CMA must be compared to and… more
Real Estate Practice : Lesson 386
#386 Under a listing contract a broker commits himself or herself to an obligation to work for both the seller and the buyer and render faithful service to both parties. Is this… more
Real Estate Practice : Lesson 385
#385 When a final decision is to be reached regarding the matter of the price to be listed for the house that decision always depends upon the appraised value of the house, the… more