What does a Quit Claim Deed convey?

Prepare for the Michigan State Title Insurance Exam. Enhance your study with flashcards and multiple-choice questions. Understand questions with detailed hints and explanations. Ace your exam!

A Quit Claim Deed conveys the grantor's interest in a property without any warranties or guarantees regarding the extent of that interest. By executing a Quit Claim Deed, the grantor relinquishes any claims they may have to the property. This means the grantee receives whatever interest the grantor has, which could be full ownership, partial interest, or potentially no interest at all, depending on the grantor's ownership.

The key aspect of a Quit Claim Deed is the absence of any implied warranties about the title. The grantor does not guarantee clear title or the right to encumber the property further. Therefore, the statement that it conveys "no further claims on the property" aligns with the nature of a Quit Claim Deed, which indicates that the grantor is giving up any claims they have, relinquishing any legal rights associated with that property without ensuring that those rights are secure. This makes option B the correct answer.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy