Contracts, Transfer, and Escrow Practice Question
Question
A salesperson is explaining a concept to a client involving quitclaim deed. Which statement is the most accurate exam answer? (Item 155)
Answer choices
- A. It is optional whenever both parties verbally agree to proceed.
- B. It allows a salesperson to act independently of the responsible broker.
- C. Recognize transfer of whatever interest the grantor has without warranties.
- D. It shifts all responsibility to escrow and eliminates the broker’s duties.
Correct Answer
C. Recognize transfer of whatever interest the grantor has without warranties.
Explanation
The correct answer is C because quitclaim deed requires candidates to recognize transfer of whatever interest the grantor has without warranties. The other options overstate the effect of custom, oral agreement, escrow, or independent salesperson action and do not reflect safe California exam practice.
Question details
- Difficulty: medium
- Domain: Contracts, Transfer, and Escrow
- Objective: quitclaim deed