MA Salesperson Exam Module 5: Transfer of Property Mostly Tested Questions and Correct Answers (100% Pass)
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Course
MA Salesperson
Institution
MA Salesperson
Deeds
- How RE is transferred or conveyed
-legal document that transfers title or ownership
-receipt for RE
Valid deed must contain:
§ Must be written
§ Grantor must be legally competent
§ Must name the grantee
§ Exchange of consideration
§ Complete and accurate description of...
✓ require the grantor to accept liability for any claims made against the
title to the property, even if the claim originated prior to the grantor's
term of ownership. No longer commonly used. Can be useful when
they buyer wants protection against any unknown title defects
warranties covered by general warranty deed
✓ covenant of seizin, covenant against encumbrances, covenant of
quiet enjoyment, covenant of further assurances, covenant of
warranty forever
covenant of seizin
✓ the grantor warrant that they own, and may convey the property
Covenant against encumbrances
Master01 | November, 2024/2025 | Latest update
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