Property Ownership
In South Dakota, a 'statutory warranty deed' and a 'general warranty deed' are:
ACompletely different documents with different protections
BSimilar instruments providing full title warranties; the statutory form uses language prescribed by state law✓ Correct
COnly used for commercial transactions
DIssued by the SDREC upon license renewal
Explanation
South Dakota's statutory warranty deed provides the same general warranty protections as a traditional general warranty deed using language defined by state statute, conveying full title warranties.
Related South Dakota Property Ownership Questions
- A fixture in South Dakota real estate is personal property that:
- In South Dakota, 'police power' as it relates to property ownership means:
- Fee simple defeasible in South Dakota is an ownership interest that:
- South Dakota agricultural land is most commonly described using which legal description system?
- South Dakota's homestead exemption protects a homeowner's primary residence from:
- A South Dakota deed that contains the phrase 'to have and to hold' is known as the:
- A life estate grants the life tenant the right to:
- In South Dakota, a 'survey exception' in a title insurance policy means the policy:
Practice More South Dakota Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free South Dakota Quiz →