A buyer in California records her grant deed at the county recorder's office immediately after closing. The primary purpose of recording the deed in California is to:
Correct Answer
A) Provide constructive notice to the world of the buyer's ownership interest
Under California Civil Code §1213, recording a deed at the county recorder's office provides constructive notice to the world of the buyer's ownership interest. This means all subsequent purchasers, lenders, and other parties are deemed to know about the ownership transfer, even if they did not actually check the records. Recording protects the buyer against subsequent claims by bona fide purchasers.
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A property in Los Angeles County, California, sells for $800,000. The county documentary transfer tax rate is $1.10 per $1,000 of consideration. What is the county documentary transfer tax due at recording?