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Real Estate Sales Exam > Deeds > Flashcards

Flashcards in Deeds Deck (8)
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1
Q

Which deed is the only one used in California?

A

Quit Claims Deed

2
Q

General warranty deed

A

Includes the expressed or implied word from the grantor about the title’s validity.

3
Q

Special warranty

A

Includes word from the grantor regarding the state of the title once he obtained ownership.

4
Q

Quit claim deed

A

Grantor conveys interest that he has in property but does not give word regarding warranty of said property.

5
Q

Sheriff’s deed

A

Transfers title of property after it being auctioned off due to foreclosure or some other court-related action.

6
Q

Tax deed

A

Transfers title of property sold at an auction to take care of unpaid taxes.

7
Q

Gift deed

A

Does not require consideration in order to be paid by the grantee.

8
Q

Torrens System

A

Used to register land through the Land Court.