Property Ownership
What is a 'quitclaim deed' and when is it typically used in Idaho?
AA deed with full warranty used for standard sales
BA deed that transfers whatever interest the grantor has without warranty, used to clear title clouds or transfer between family members✓ Correct
CA deed used only in foreclosures
DA deed conveying mineral rights only
Explanation
A quitclaim deed conveys whatever interest the grantor has — if any — without any warranties. In Idaho, quitclaim deeds are commonly used to clear title defects, transfer property between family members, or correct recording errors.
People Also Study
Related Idaho Questions
- A special warranty deed conveys title with the grantor warranting only against defects arising:Escrow & Title
- In Idaho, a lien theory state, which legal instrument is commonly used to secure a real estate loan?Finance
- A deed that conveys property 'to John Smith for life, then to Mary Jones' creates what type of interest for Mary Jones?Property Ownership
- Recording a deed in Idaho provides:Escrow & Title
- In Idaho, which type of foreclosure is most commonly used?Escrow & Title
- In Idaho, what type of instrument is most commonly used to secure a mortgage loan on real property?Finance
- A quitclaim deed in Idaho transfers:Property Ownership
- Which document conveys title from the seller to the buyer at an Idaho closing?Escrow & Title
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
Study This Topic
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →