Escrow & Title
In Iowa, the document that provides the legal description of the property and is used to transfer title at closing is the:
APurchase agreement
BDeed✓ Correct
CPromissory note
DLoan estimate
Explanation
The deed is the legal instrument that conveys (transfers) title to real property. It contains the legal description, names the grantor and grantee, and is delivered and recorded at closing.
Related Iowa Escrow & Title Questions
- Which of the following BEST describes the chain of title?
- In Iowa, recording a deed with the county recorder establishes:
- Iowa's Torrens System of title registration differs from the abstract system in that:
- An owner's title insurance policy in Iowa protects:
- In Iowa, recording a deed in the county recorder's office is important because it:
- Under Iowa law, which instrument releases the seller's mortgage lien at closing?
- When a deed is recorded in Iowa, it provides:
- In Iowa, which of the following would be shown as an exception in a title insurance policy?
Practice More Iowa Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Iowa Quiz →