CHCP Deed Types & Property Conveyance 1 — Questions and Answers
Question 1: Which type of deed provides the greatest protection to the buyer by guaranteeing clear title against all claims, including those from before the seller owned the property?
- Quitclaim deed
- Special warranty deed
- General warranty deed (Correct answer)
- Grant deed
Correct answer: General warranty deed
A general warranty deed guarantees clear title against all claims throughout the entire history of ownership, not just during the seller's period of possession.
Question 2: A quitclaim deed transfers only the grantor's:
- Full legal title with all warranties
- Whatever interest the grantor actually holds (Correct answer)
- Property free of all encumbrances
- Title backed by the grantor's title insurance policy
Correct answer: Whatever interest the grantor actually holds
A quitclaim deed conveys only whatever interest the grantor currently holds, with no warranties or guarantees about the quality or completeness of that title.
Question 3: Which deed is most commonly used between family members or to resolve title defects?
- General warranty deed
- Special warranty deed
- Bargain and sale deed
- Quitclaim deed (Correct answer)
Correct answer: Quitclaim deed
Quitclaim deeds are favored in family transfers and title defect corrections because they quickly transfer whatever interest the grantor has without requiring a title examination or warranty.
Question 4: A special warranty deed guarantees the title only against claims arising:
- Throughout the entire chain of title
- Before the grantor acquired the property
- During the grantor's period of ownership (Correct answer)
- After the property is conveyed to the grantee
Correct answer: During the grantor's period of ownership
A special warranty deed limits the grantor's warranty to defects that arose only during the grantor's own period of ownership, not from prior periods in the chain of title.
Question 5: Which type of deed is typically issued when property is sold through a court-ordered foreclosure or tax sale?
- General warranty deed
- Quitclaim deed
- Sheriff's deed (Correct answer)
- Fiduciary deed
Correct answer: Sheriff's deed
A sheriff's deed is issued by the court's officer when property is sold through judicial foreclosure or a tax lien sale, conveying whatever title the court has authority to transfer.
Question 6: The legal term for the person who receives a deed in a real estate transaction is the:
- Grantor
- Grantee (Correct answer)
- Mortgagor
- Beneficiary
Correct answer: Grantee
The grantee is the party who receives the deed and obtains whatever ownership interest the grantor conveys.
Question 7: For a deed to be legally valid and recordable, it must include all of the following EXCEPT:
- A legal description of the property
- The grantor's signature
- The grantee's signature (Correct answer)
- Words of conveyance (granting clause)
Correct answer: The grantee's signature
A deed does not require the grantee's signature to be valid; only the grantor must sign to convey their interest, as it is the grantor who is relinquishing rights.
CHCP Deed Types & Property Conveyance 1
Which type of deed provides the greatest protection to the buyer by guaranteeing clear title against all claims, including those from before the seller owned the property?