Pennsylvania Auctioneer Practice Exam

Question: 1 / 400

Name four methods of title transfer.

A. Written agreement

B. Economic, physical, functional

C. Voluntary alienation, involuntary alienation, by will, by descent

The correct answer is C. Voluntary alienation, involuntary alienation, by will, by descent.

This answer provides four methods of title transfer:

1. Voluntary alienation: This refers to the transfer of ownership by choice, such as through a sale or gift.

2. Involuntary alienation: This refers to the transfer of ownership without the owner's consent, often through legal processes like foreclosure.

3. By will: This indicates the transfer of ownership according to the instructions in a person's will after their death.

4. By descent: This pertains to the transfer of ownership to heirs according to the laws of descent and distribution when the owner passes away without a will.

The other options are not relevant to methods of title transfer.

Get further explanation with Examzify DeepDiveBeta

D. Present worth of a future benefit

Next Question

Report this question

Download Pennsylvania Auctioneer Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy