Which instrument, when executed, transfers an interest in real property from the grantor to the grantee?

Study for the Chartered Property Casualty Underwriter 530 Exam with flashcards and multiple choice questions. Each question has hints and explanations to enhance your understanding and prepare you thoroughly.

Multiple Choice

Which instrument, when executed, transfers an interest in real property from the grantor to the grantee?

Explanation:
Transferring an interest in real property is accomplished by a deed. The deed is the written instrument that, when executed by the grantor and delivered to the grantee, conveys title or an ownership interest in the property. A warranty is a set of title-promising covenants that may be included in some deeds, not the instrument itself. A quitclaim deed is a type of deed that transfers whatever interest the grantor has (often without warranties), but it’s still a form of deed rather than the general instrument used to convey property in all cases. A lien is a security interest against the property and does not transfer ownership.

Transferring an interest in real property is accomplished by a deed. The deed is the written instrument that, when executed by the grantor and delivered to the grantee, conveys title or an ownership interest in the property. A warranty is a set of title-promising covenants that may be included in some deeds, not the instrument itself. A quitclaim deed is a type of deed that transfers whatever interest the grantor has (often without warranties), but it’s still a form of deed rather than the general instrument used to convey property in all cases. A lien is a security interest against the property and does not transfer ownership.

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