What Do You Know About Property Deeds?

9 Questions | Total Attempts: 231

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What Do You Know About Property Deeds?

What do you know about property deeds? If you know anything about real estate, you must know that it is a written agreement in which people transfer property from the old owner to the new owner legally. Do you wish to learn more about it? Take up the quiz below and get to do just that. All the best!


Questions and Answers
  • 1. 
    What is the main function of a deed?
    • A. 

      To transfer money from one person to another.

    • B. 

      To take out a loan on a property.

    • C. 

      To show proof of ownership of real property.

    • D. 

      To transfer title of real property.

    • E. 

      Both C and D

  • 2. 
    A deed transfers ownership of a property from a father to a son. What type of transaction is this?
    • A. 

      Trustee's deed

    • B. 

      Arms-length transaction

    • C. 

      Deed of trust

    • D. 

      Non arms-length transaction

  • 3. 
    The grantor and the grantee are always required to sign a deed.
    • A. 

      True

    • B. 

      False

  • 4. 
    What are the two parties to a deed? Check all that apply.
    • A. 

      Grantor

    • B. 

      Trust

    • C. 

      Title

    • D. 

      Grantee

  • 5. 
    The grantor is the seller in a deed.
    • A. 

      True

    • B. 

      False

  • 6. 
    For a transaction to be considered arms-length, the buyer and seller must live in different states.
    • A. 

      True

    • B. 

      False

  • 7. 
    A deed is a legal_________.
    • A. 

      Weapon

    • B. 

      Paper

    • C. 

      Instrument

    • D. 

      Trust

  • 8. 
    A detailed list of the ownership history of a piece of real property is called what?
    • A. 

      Chain of Title

    • B. 

      Chain of Ownership

    • C. 

      Owner History Report

    • D. 

      T.P.S. Report

  • 9. 
    What is your favorite ocean or sea?
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