Real Estate License Practice Test – Transfer of Property
Which type of deed is related to foreclosure?
A referee’s deed is related to foreclosure. A trustee’s deed involves the transfer of property that is in trust.
Which of the following is not a requirement for a deed to be valid?
Although recording lets others know of the deed’s existence, it is not required for a deed to be a valid document.
What part of a deed limits the amount of the estate granted?
Sometimes called the “to have and to hold clause,” the habendum describes the limits of the estate being granted.
In reference to deeds, what is the closest definition of “delivery in escrow”?
A delivery in escrow occurs when the grantor delivers the deed to a trustee or escrow agent. Once the grantee completes their required actions, the trustee will release the deed to the grantee. However, once the grantor gives the deed to the trustee, the title is considered legally transferred to the grantee.
Where is a deed recorded?
Deeds are recorded at the county courthouse, but do not have to be recorded to be considered valid.
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