1. Law for Business, 15e by Ashcroft
Chapter 42:
Transfer of Real Property
Law for Business, 15e, by Ashcroft, © 2005 West Legal Studies in Business, a Division of Thomson Learning 1 1 1 1

2. Chapter 42 Objectives
Describe the means by which title to real estate is transferred.
Explain the provisions normally contained in a deed.
Summarize the steps taken to safely and effectively transfer title to real property after a deed is signed.

3. Transfer of Real Property
A warranty deed is the writing which conveys real property.
The grantor is the original owner; the grantee is the recipient.
A quitclaim deed indicates grantor gives up any interest.
A warranty deed conveys grantor’s interest and also makes certain warranties.

4. Provisions in a Deed Parties Consideration Covenants Description
Signature
Acknowledgment

5. What happens during each of the following phases of conveyance?
Activity
Activity
Activity
Activity
Process of Conveyance
What happens during each of the
following phases of conveyance?
1. Delivery
2. Recording
3. Title insurance
4. Abstracting
of title

6. The End! Any questions?