Pennsylvania Auctioneer Practice Exam

Name four methods of title transfer.

1. A. Written agreement

2. B. Economic, physical, functional

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

4. D. Present worth of a future benefit

The correct answer is: 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.