Transfer of Property Flashcards
7 cards from real Real Estate License practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Transfer of Property flashcards as text
A deed that provides the greatest protection to the buyer by warranting against all defects in title, even those arising before the grantor owned the property, is called a:
Answer: General warranty deed
A general warranty deed warrants title against all defects, including those predating the grantor's ownership.
Which type of deed contains no warranties and simply transfers whatever interest the grantor may have, if any?
Answer: Quitclaim deed
A quitclaim deed conveys only the grantor's interest, if any, with no warranties of title.
For a deed to be valid, which of the following is essential?
Answer: Delivery and acceptance
A deed must be delivered by the grantor and accepted by the grantee to transfer title.
The person who conveys real property by deed is known as the:
Answer: Grantor
The grantor is the party transferring ownership; the grantee receives it.
A special warranty deed warrants the title against defects:
Answer: Only arising during the grantor's period of ownership
A special warranty deed only covers defects that arose while the grantor held title.
Which clause in a deed defines the type and extent of the interest being conveyed, such as 'fee simple'?
Answer: Habendum clause
The habendum clause ('to have and to hold') defines the extent of the estate granted.
Transfer of property to the state when an owner dies without a will and without heirs is called:
Answer: Escheat
Escheat returns property to the state when there are no heirs and no will.