Escrow & Title
In New York, the deed that is most commonly used in arm's-length residential sales is:
AQuitclaim deed
BBargain and sale deed with covenant against grantor's acts✓ Correct
CFull covenant and warranty deed
DExecutor's deed
Explanation
The most commonly used deed in New York residential sales is the bargain and sale deed with covenant against grantor's acts, which warrants that the grantor has not done anything to impair title during their ownership, but does not warrant against defects created before the grantor acquired title.
Related New York Escrow & Title Questions
- Under New York law, a 'judgment lien' attaches to real property when:
- In New York, which of the following best describes a 'purchase money security interest' (PMSI) in the context of co-op financing?
- In New York, a 'condominium rider' to a title insurance policy provides coverage for:
- In New York, a 'good funds' requirement at closing means:
- In New York, which instrument is typically used to convey title to real property at closing?
- In New York, a 'construction loan title policy' protects the construction lender against:
- In New York, 'recording fees' paid at closing are charged by:
- In New York, a 'release of lien' differs from a 'satisfaction of mortgage' in that:
Practice More New York Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New York Quiz →