A-3: Transfer Of Title And Title Insurance Flashcards Preview

AZ Real Estate Pre-Licensing > A-3: Transfer Of Title And Title Insurance > Flashcards

Flashcards in A-3: Transfer Of Title And Title Insurance Deck (6)
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1
Q

You pay cash down to a mortgage. What completes the transaction?

A

Delivery of deed to the grantee

2
Q

A devise is an example of what type of conveyance?

A

Testamentary conveyance

3
Q

A natural person will ordinarily deed his property via what kind of deed?

A

General warranty deed

4
Q

Under which covenant does the grantor warrant that at the time of delivery, he or she has the right to convey legal title?

A

Covenant of seizin

5
Q

How much is the real estate transfer fee in Arizona?

A

$2.00

6
Q

Who collects the tax stamp fee that is required by the state of Arizona?

A

County recorder’s office