Deeds and Transfer of Interest Explained

Deeds and Transfer of Interest Explained

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video tutorial explains the process of transferring title and land through a document called a deed. It covers the closing process, where a contract is made to exchange money for property ownership. The deed is a legal document detailing the land's description and boundaries, indicating the transfer of ownership. Finally, the deed is recorded at a local register or courthouse, notifying the public of the ownership change.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the purpose of recording a deed at the local register of deeds?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the deed indicate the transfer of ownership from one individual to another?

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