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NC Real Estate Chapter 5 Transfer of Title to Real Estate, Deeds & Ownership Conveyance Study Guide.pdf

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NC real estate chapter 5 transfer of title deeds ownership conveyance real estate law property transfer legal descriptions real estate licensing exam study guide property ownership real estate transactions North Carolina real estate exam prep

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Institution
Real Estate Certification
Course
Real Estate certification

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NC Real Estate Chapter 5
Study this set o nline at: https://www.cram.co m/flashcards/nc-real-estate-chapter-5-
6 3340 6 6




T he ri ght to or ownershi p of l and; the evi dence of ownershi p of l and; summati on of
T i tl e to l and al l the thi ngs property owners possess to prove and protect thei r ownershi p i nterest
i n property




Al i enati on T ransf erri ng ownershi p away f rom you; the act of transf erri ng property to another




1) Vol untary - gi vi ng or wi l l i ng ti tl e
T ypes of Al i enati on (2)
2) I nvol untary - l osi ng ti tl e through l egal process




Wri tten i nstrument by whi ch an owner of real estate i ntenti onal l y conveys ri ght,
D eed
ti tl e, or i nterest i n a parcel of real estate to another; evi dence of ti tl e

, NC Real Estate Chapter 5
Study this set o nline at: https://www.cram.co m/flashcards/nc-real-estate-chapter-5-
6 3340 6 6




T he property owner that i s transf erri ng ti tl e to or an i nterest i n real property away
Grantor
f rom hi msel f




Grantee T he person who recei ves a conveyance of real property




1) I n wri ti ng
2) Grantor must have l egal capaci ty to execute deed
3) Grantor AN D Grantee must be i denti f i ed (and must be i n l egal exi stance)
4) Adequate words of conveyance Requi rements f or deed conveyance (7 thi ngs)
5) Accurate l egal descri pti on of the property
6) D eed must be si gned by grantor
7) D eed must be del i vered and vol untari l y accepted by grantee




Granti ng Cl ause Words of conveyance cal l ed?

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Real Estate certification
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Real Estate certification

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