Affiliate Broker: Deeds exam with 100% correct answers

Deed a written and signed document that transfers legal title to real property from the seller to the buyer. Not required to be recorded. only to be delivered. Parties to a deed grantor (seller) grantee (buyer) Executed deed passing of the deed Who signs the deed? the grantor/ the seller Elements of a Deed Parties, consideration, granting clause & legal description * must have total and complete legal description Types of Deeds General Warranty Deed Special Warranty Deed Quitclaim Deed General Warranty Deed A deed in which the grantor fully warrants good, clear title to the premises. Used in most real estate deed transfers, a general warranty deed offers the greatest protection of any deed. Special Warranty Deed identical to a general warranty deed except that the covenant against encumbrances applies only to the time that the grantor owned the property. executor of an estate, bank, HUD Quitclaim Deed no promises at all, your baby. makes a correction. interest may be authentic or not. Title insurance paid one time at closing Delivery and acceptance of deed must be done inter vivid. from a living person to a living person. not required to be recorded. Recording of deeds not required to transfer title does not have to be notarized to be valid must be notarized to be recorded recording provides CONSTRUCTIVE notice - all the world knows about it. Constructive notice The recording of documents in the public records Actual notice The actual knowledge that a person has about the existence of a particular fact. Public notice place in publication: newspaper