Real Estate Principles II - 12 & 13

Front

A ______ is a legal document that transfers a title of real estate from one party to another.

Back

Deed

Front

A title to real estate does not pass or transfer until: The deed is actually delivered, it is accepted by the grantee, both are required

Back

both are required

Front

Which type of deed provides the grantee with the least protection, imposes the least liability on the grantor, and might be used for adding or removing a spouse from title due to marriage or divorce?

Back

quitclaim deed

Front

Provides the greatest protection

Back

General Warranty Deed

Front

In the world of real estate, what is a title?

Back

the bundle of ownership rights to a property

Front

A title policy will most likely insure against:

Back

an outstanding tax lien

Front

abstract of title

Back

is an abbreviated history of a property

Front

If the property owner's interests have been made available to the world, what concept applies?

Back

constructive notice

Front

A "Cloud" on the title is

Back

a missing link or gap in the chain of title

Front

The buyer MUST receive a copy of their Closing Disclosure by:

Back

three business days prior to closing