Property Ownership
In South Carolina, a 'deed of gift' is used when:
AA property is sold at a significant discount
BProperty is conveyed without monetary consideration, typically as a gift between family members or to a charity✓ Correct
CA deed is given to the lender as security
DA property is gifted by the government to a developer
Explanation
A deed of gift conveys property without monetary consideration. Even gift deeds must be in writing, signed, and recorded.
Related South Carolina Property Ownership Questions
- The 'bundle of rights' concept in South Carolina real estate includes all of the following EXCEPT:
- In South Carolina, which of the following creates an 'easement by prescription'?
- In South Carolina, tenancy by the entirety:
- In South Carolina, what is 'community property'?
- A South Carolina condominiums developer must provide prospective buyers with which document before they sign a purchase agreement?
- The 'bundle of rights' in South Carolina real estate includes the right to 'encumber' property. This means the owner may:
- In South Carolina, which type of deed provides the grantor's personal guarantee against all encumbrances, both those created by the grantor and prior owners?
- A South Carolina real estate owner's 'fee simple subject to executory limitation' means:
Practice More South Carolina Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Carolina Quiz →