A-3: Transfer Of Title And Title Insurance Flashcards
1
Q
You pay cash down to a mortgage. What completes the transaction?
A
Delivery of deed to the grantee
2
Q
A devise is an example of what type of conveyance?
A
Testamentary conveyance
3
Q
A natural person will ordinarily deed his property via what kind of deed?
A
General warranty deed
4
Q
Under which covenant does the grantor warrant that at the time of delivery, he or she has the right to convey legal title?
A
Covenant of seizin
5
Q
How much is the real estate transfer fee in Arizona?
A
$2.00
6
Q
Who collects the tax stamp fee that is required by the state of Arizona?
A
County recorder’s office
