About This Chapter
Deeds & Property Transfers - Chapter Summary
No matter your current knowledge of deeds and property transfers, this chapter's entertaining lessons can enhance your understanding. Our instructors ensure you comprehend transfer by deed, voluntary property transfer and related concepts. Once you've finished this chapter, you will be ready to:
- Define and discuss the requirements of a transfer by deed
- Provide explanations of transfers by warranty deed and special warranty deeds
- Discuss the purposes of quitclaim, trustee's and sheriff's deeds
- Share the meaning of a deed of trust
- Give the definition of voluntary property transfer
- Explain condemnation and eminent domain as related to involuntary property transfer
Accompanying each lesson in this chapter is a self-assessment quiz you can take anytime to check your knowledge of concepts covered and also gauge your chapter progress. Our broader practice exam is fantastic for assessing your understanding of the whole chapter. Don't have time to study using your computer? Mobile features make it easy to access our materials using your smartphone or tablet. The dashboard traces your steps through this chapter and lets you easily send lesson topic questions to our experts.
1. Transfer By Deed: Definition & Requirements
In any voluntary sale of real estate, the deed is the most essential legal instrument. In this lesson, you'll learn what a deed is, what it does, and what is required to make it valid and enforceable. A short quiz follows.
2. Transfers By Warranty Deed & Special Warranty Deed
While deeds are used to transfer real estate, not all deeds offer the same level of protection to buyers. In this lesson, you'll learn about the differences between warranty deeds and special warranty deeds. A short quiz follows the lesson.
3. Purposes of Quitclaim, Trustee's & Sheriff's Deeds
While deeds are used to convey real estate, not all deeds are created equal from the standpoint of a purchaser. In this lesson, you'll learn about quitclaim, trustee's and sheriff's deeds. A short quiz follows the lesson.
4. What is a Deed of Trust? - Definition & Overview
Many lenders don't utilize mortgages when financing property but rather use deeds of trust. In this lesson, you'll learn what a deed of trust is and be given a general overview of it. A short quiz follows.
5. What is Voluntary Property Transfer? - Defining Title by Deed
A conveyance happens when a property owner transfers property to a new owner. This is known as a voluntary property transfer, or title by deed. This lesson explains voluntary property transfers and title by deed.
6. Involuntary Property Transfer Case Study: Condemnation & Eminent Domain
Sometimes title to property transfers from one party to another without one party's consent. This is known as an involuntary property transfer. One type of involuntary property transfer is known as condemnation. The federal government has the power to condemn properties through its power of eminent domain. This lesson looks at a fairly recent Supreme Court case involving condemnation through eminent domain.
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Other chapters within the Indiana Real Estate Broker Exam Study Guide course
- Introduction to Real Property
- Public & Private Land-Use Control
- Estate Ownership, Rights & Interest
- Property Titles
- Property Value & Appraisal
- Introduction to Real Estate Contracts
- Real Estate Agencies & Agency Relationships
- Listing Agreements & Property Management
- Fair Housing & Consumer Protection
- Risk Management in Real Estate
- Property Disclosures
- Introduction to Real Estate Financing
- Real Estate Lender Requirements
- Federal Real Estate Financing Regulations
- Closing & Settlement Real Estate Transactions
- Real Estate Investments
- Indiana Real Estate Commission & Licensing
- Indiana Real Estate Law
- Real Estate Business Procedures
- Indiana Real Estate Broker Exam Study Guide Flashcards