What does a quit claim deed grant to the buyer?

Prepare for the Massachusetts Real Estate Salesperson licensing exam. Utilize a variety of study modes, including flashcards and multiple-choice questions with comprehensive explanations. Achieve exam success!

A quitclaim deed conveys ownership of property to the buyer, but it does so without any warranties or guarantees about the title. This means that the buyer receives whatever interest the seller has in the property at the time of the transfer, but the seller is not guaranteeing that the title is clear or that there are no encumbrances or issues related to the property. This lack of warranty makes quitclaim deeds less secure for buyers, hence they are often used in situations where the parties are familiar with each other, such as family transfers or to clear up title issues.

Complete ownership with guarantees, full authority over the property, and access rights only do not accurately reflect the nature of a quitclaim deed. The deed does not provide any assurances about the extent of the seller's ownership or imply that the buyer will have additional powers or rights beyond what the seller possesses at the time of the transfer. Thus, the most accurate representation of what a quitclaim deed grants is ownership as it currently exists, without any warranties.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy