Oklahoma Real Estate Broker Exam — All Questions
2 questions
Which deed gives the grantee the greatest protection by warranting title against all defects, including those that arose before the grantor owned the property?
- a.Quitclaim deed
- b.General warranty deed✓
- c.Special (limited) warranty deed
- d.Bargain and sale deed
A general warranty deed offers the most protection: the grantor warrants title against all defects, including those predating the grantor's ownership, and stands behind covenants such as seisin, quiet enjoyment, and warranty forever. A special (limited) warranty deed covers only defects arising during the grantor's ownership. A bargain and sale deed implies ownership but adds few or no warranties, and a quitclaim conveys only whatever interest the grantor has, with no warranties. A broker should know which deed a transaction requires.
What is the primary legal effect of recording a deed in the county's public records?
- a.It is required for the deed to be valid between the parties
- b.It transfers title, which delivery alone cannot do
- c.It guarantees the grantor had good title
- d.It gives constructive notice to the world and establishes priority✓
Recording gives constructive notice to the world of the owner's interest and establishes priority against later claims, which is why prompt recording matters. A deed is already valid between grantor and grantee upon delivery and acceptance, even if never recorded, and recording by itself neither transfers title (delivery does) nor guarantees the grantor had good title (that is why buyers obtain title insurance). Understanding notice and priority helps a broker explain why closings emphasize recording.