Real Estate Title Transfer Principles Quiz

Warranty deed is a document that provides a guarantee of clear title and ownership.

Title search is conducted to discover any claims or burdens on the property, such as liens or encumbrances.

Title insurance safeguards against defects, ensuring the buyer's clear ownership.

Title insurance usually excludes coverage for zoning violations.

'Chain of title' is a sequence of connected documents establishing historical land ownership.

A property survey determines property boundaries and identifies easements.

'Cloud on title' signifies unresolved problems or claims affecting the property's ownership.

General warranty deed includes a comprehensive warranty by the grantor, ensuring clear title.

A notary witnesses and certifies the authenticity of signatures in real estate documents.

Escrow involves a neutral third party holding assets until the transaction is finalized.

'Title defect' is an obstacle hindering the smooth transfer of clear property title.

A title company performs a title search and provides title insurance for a real estate transaction.

Adverse possession is gaining property rights through continuous unauthorized use over time.

Closing marks the finalization of the transaction, transferring ownership and completing the deal.

'Quiet title action' is a legal process to settle property ownership disputes.

'Metes and bounds' is a property boundary measurement method using landmarks and distances.

'Escheat' is a legal process transferring property to the state when an owner dies without heirs.