Escrow & Title
When a North Dakota property is transferred through a trust, the trustee signs the deed. The deed would be a:
ATrustee's deed✓ Correct
BPersonal representative's deed
CGuardian's deed
DSheriff's deed
Explanation
When property is held in trust and is being conveyed, the trustee signs a trustee's deed on behalf of the trust. The grantee is the new owner, and the trustee acts in a representative capacity.
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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).
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Deed of TrustA security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.
EasementA non-possessory right to use another person's land for a specific purpose.
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