Escrow & TitleIntermediateNorth Carolina Exam
Which type of deed conveys whatever interest the grantor has, with no warranties?
AGeneral warranty deed
BSpecial warranty deed
CQuitclaim deedCorrect
DBargain and sale deed
Why Quitclaim deed Is Correct
Answer C: Quitclaim deed
A quitclaim deed conveys only whatever interest the grantor may have (which could be none) with absolutely no warranties of title.
Exam Tip: Escrow & Title
Escrow questions test the neutral third-party role and the sequence of closing events. Remember that the escrow agent acts as a dual agent for both buyer and seller and cannot advocate for either side.
Key Escrow & Title Terms in This Question
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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