A Connecticut real estate licensee is advising a seller client about the documents that are typically recorded in the town clerk's land records as part of a residential real estate transaction. Which of the following is LEAST likely to be recorded in the town land records at closing?
Correct Answer
D) The buyer's signed purchase and sale agreement
The purchase and sale agreement (contract of sale) is a private contract between the buyer and seller and is generally not recorded in the town land records. While a notice of contract or lis pendens might occasionally be recorded to provide notice of a pending transaction, the purchase and sale agreement itself is not a recorded instrument in standard Connecticut residential closings. Recording is reserved for instruments that affect title to real property.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Fee simple absolute is the highest and most complete form of property ownership, giving the owner unrestricted rights to use, possess, enjoy, and dispose of the property. It is of unlimited duration and fully inheritable.
Community property is a system where property acquired during a marriage is owned equally by both spouses.
A freehold estate represents ownership of real property with an indefinite duration.
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