Deeds in Real Property

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Questions and Answers

Which type of deed offers the greatest warranty to buyers?

  • Quitclaim deed
  • Grant deed
  • Special warranty deed
  • General warranty deed (correct)

When does title officially change hands in a real estate transaction?

  • When the grantor signs the deed
  • When the property is physically transferred
  • When the purchase price is paid in full
  • When the grantee accepts the deed (correct)

What is the purpose of a deed in a real estate transaction?

  • To provide financing for the purchase
  • To transfer ownership of real property (correct)
  • To establish a lease agreement
  • To transfer ownership of personal property

How many covenants does a general warranty deed provide?

<p>Six covenants (B)</p> Signup and view all the answers

What is the covenant of seisin in a general warranty deed?

<p>The grantor holds title to and possession of the property (B)</p> Signup and view all the answers

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