Contracts, Transfer, and Escrow Practice Question
Question
A first-time buyer asks for exam-focused clarification involving quitclaim deed. Which statement is the most accurate exam answer? (Item 115)
Answer choices
- A. It requires the licensee to favor the other party over the licensee’s own client.
- B. It is primarily a tax rule with no effect on brokerage practice.
- C. Recognize transfer of whatever interest the grantor has without warranties.
- D. It removes the need for written disclosure if the licensee believes the client already knows.
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