CHCP Deed Types & Property Conveyance 2

Question 1

Which type of deed is most commonly used in California and other western states as an alternative to the general warranty deed?

Accepted Answer

Grant deed

Answer

The grant deed is widely used in California and western states and implies that the grantor has not previously conveyed the property to anyone else and that it is free of encumbrances created by the grantor.

Question 2

Which phrase is a typical example of a granting clause (words of conveyance) in a deed?

Accepted Answer

I hereby grant and convey

Answer

'Grant and convey' is a standard granting clause expressing the grantor's clear intent to transfer ownership of the property to the grantee.

Question 3

When property is transferred according to a deceased person's will, the deed used is called a:

Accepted Answer

Executor's deed

Answer

An executor's deed is used when property is conveyed pursuant to a will, and it is signed by the executor named in that will on behalf of the estate.

Question 4

The method of describing land that uses compass directions, distances, and physical landmarks to define property boundaries is known as:

Accepted Answer

Metes and bounds description

Answer

Metes and bounds is a legal land description method using compass bearings, measured distances, and physical monuments to trace the perimeter of a parcel.

Question 5

Which element is required for a deed to be considered legally 'delivered and accepted' between the parties?

Accepted Answer

Physical or constructive transfer of the deed with intent to convey

Answer

Delivery requires that the grantor transfer the deed with genuine intent to convey ownership, and the grantee must accept it; recording is needed only to protect against third-party claims.

(CHCP) Certified Home Closing Professional Practice Test

(CHCP) Certified Home Closing Professional Practice Test

CHCP Deed Types & Property Conveyance 2