Certified Residential Appraiser Practice Exam

Which type of deed conveys ownership without warranting title?

1. Quitclaim Deed

2. Warranty Deed

3. General Partnership

4. Conservation Deed

The correct answer is: Quitclaim Deed

The quitclaim deed is specifically designed to convey ownership without providing any warranty of title. This means that the grantor transfers whatever interest they may have in a property to the grantee, but does not guarantee that the title is clear or free of encumbrances. This type of deed is commonly used in situations where the parties know each other well, such as in family transactions, or when the grantor is unsure of the status of the title. In contrast, a warranty deed, for instance, offers guarantees to the grantee, including assurances that the title is clear and that the grantor has the legal right to sell the property. Other types of deeds, like the conservation deed or the concept of a general partnership, do not pertain to the conveyance of real estate in a way that lacks warranties on the title. Thus, the quitclaim deed stands out as the correct answer for conveying ownership without any warranties.