Unit 3 Review

Unit 3 Review

11th Grade

76 Qs

quiz-placeholder

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Unit 3 Review

Unit 3 Review

Assessment

Quiz

Business

11th Grade

Practice Problem

Medium

Created by

Joseph Montague

Used 5+ times

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76 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which type of deed provides the highest level of protection to the buyer?

Quitclaim Deed
General Warranty Deed
Special Warranty Deed
Trustee's Deed

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is a "quitclaim deed"?

A deed that provides full protection and guarantees against defects
A deed that transfers whatever interest the grantor has in the property without warranties
A deed that guarantees against title issues caused by previous owners
A deed used only for transferring commercial property

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

True or False: A quitclaim deed guarantees a clear title to the property.

True
False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of these deeds is commonly used to quickly transfer property between family members without a title guarantee?

Special Warranty Deed
General Warranty Deed
Quitclaim Deed
Foreclosure Deed

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which term describes the person receiving the property in a deed transaction?

Grantor
Grantee
Trustee
Escrow Agent

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A general warranty deed includes a promise from the seller to the buyer that:

The property has no title issues at any point in its history
The property is free of defects caused only by the seller
The property has been fully paid off by the seller
The buyer can request a refund if issues are found

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

If a seller uses a special warranty deed to transfer property, they are guaranteeing against title issues caused by:

All previous owners
Themselves only
The buyer
No one

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