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Chapter 7 Real Estate U Exam Questions and Complete Solutions Graded A+
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Chapter 7 Real Estate U Exam Questions and Complete Solutions Graded A+
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Chapter 7 RealEstate U Exam
Questions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
, Bargain and Sale Deed - Answer: Any deed that recites a consideration and purports to convey the real
estate; a bargain and sale deed with a covenant against the grantor's act is one in which the grantor
warrants that grantor has done nothing to harm or cloud the title.
Deed - Answer: A written instrument which when properly executed and delivered conveys title to real
property from one person (grantor) to another (grantee)
Grant Deed - Answer: A limited warranty deed using the word "grant" or like words that assures a
grantee that the grantor has not already conveyed the land to another and that the estate is free from
encumbrances placed by the grantor
Grantee - Answer: A person to whom a grant is made.
Grantor - Answer: A person who transfers his or her interest in property to another by grant
Quitclaim Deed - Answer: A deed to relinquish any interest in property which the grantor may have,
without any warranty of title or interest
Sheriff's Deed - Answer: A deed given by court order in connection with the sale of a property to satisfy
a judgment.
Special Warranty Deed - Answer: A deed in which the grantor warrants or guarantees the title only
against defects arising during the grantor's ownership of the property and not against defects existing
before the time of the grantor's ownership.
Voluntary Alienation - Answer: Transfer of title to an asset with the consent of the owner
Warranty Deed - Answer: A deed used to convey real property which contains warranties of title and
quiet possession, and the grantor thus agrees to defend the premises against the lawful claims of third
persons.
Consideration - Answer: Anything given or promised by a party to induce another to enter into a
contract, e.g., money or personal services
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