Transfer of PropertyQuestion 89 of 120
A California grant deed contains two implied warranties: that the grantor has not already conveyed the property to another, and that:
a.The property is free of undisclosed encumbrances made by the grantor
b.The property is worth the purchase price
c.The buyer will receive title insurance
d.There are no property taxes
Explanation
A grant deed impliedly warrants that the grantor has not already conveyed title to someone else and that the estate is free from undisclosed encumbrances created by the grantor. These implied covenants give the grantee limited protection. It is the most common deed used in California sales.
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Related questions on this topic
- A deed that transfers whatever interest the grantor may have, without any warranties of title, is a:
- Title insurance protects the insured against:
- An escrow holder in a California real estate transaction acts as a:
- Recording a deed in the county where the property is located gives the public:
- California's documentary transfer tax is $0.55 per $500 of value. On a $600,000 sale with no assumed loan, the county transfer tax is:
- A deed in which the grantor makes the fullest express warranties, defending title against all claims, is a:
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