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Questions and Answers
Which type of deed offers the greatest warranty to buyers?
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 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?
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?
How many covenants does a general warranty deed provide?
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What is the covenant of seisin in a general warranty deed?
What is the covenant of seisin in a general warranty deed?
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