A licensed Oklahoma broker is explaining deed types to a client who wants to understand which instruments include at least some form of title warranty from the grantor. Which of the following deed types does NOT provide any warranty of title to the grantee?
Correct Answer
A) Quitclaim deed
A quitclaim deed conveys only whatever interest the grantor currently holds, if any, with no warranties or covenants of title. The grantor makes no promise that the title is valid, free of encumbrances, or that the grantor even has an ownership interest. Because it provides zero warranty, it is the correct answer to this EXCEPT/NOT question asking which deed does NOT provide any warranty.
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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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