California Real Estate Practice Exam

Which of the following could be used with a purchaser without the immediate involvement of a title change?

1. Grant deed

2. Land contract

3. Quit claim deed

4. Warranty deed

The correct answer is: Grant deed

A grant deed could be used with a purchaser without the immediate involvement of a title change because a grant deed simply conveys the interest that the grantor holds at the time of the transfer. It does not guarantee that the grantor actually holds clear title to the property, which means it can be used without immediately changing the title. On the other hand, a land contract, quitclaim deed, and warranty deed all involve a change in title: - A land contract is a purchase agreement where the seller finances the purchase for the buyer, but the title does not transfer until the terms of the contract are fulfilled. - A quitclaim deed transfers whatever interest the grantor has in the property but makes no guarantees about the actual ownership or lack of any liens or encumbrances. - A warranty deed is a deed where the grantor guarantees that they hold clear title to the property being conveyed.