Understanding the purpose of the Deed and conveyance of title is essential for students studying for their real estate licensing exam. In this real estate exam prep video, we discuss, the purpose of the deed, how conveyance of title works, essential elements of a deed, and the importance of recording a deed.

Key real estate terms discussed in this real estate exam prep video:

(1) Deed Written legal instrument that conveys title of real property
(2) Conveyance of Title Transfer of ownership of real property
(3) Grantor The seller who conveys ownership interest in real property
(4) Grantee The purchaser of real property
(5) AcknowledgmentThe act of going before an authorized notary public and declaring a legal document to be one's voluntary "act and deed."
(6) Recordation The act of giving public notice or Constructive Notice by recording a legal document
(7) Plat A map of a specific area
(8) Deed Restriction A provision in a deed that limits or restricts the useage of real property
(9) Habendum Clause The "have and to hold" clause in a deed that defines or limits the quantity of an estate the Grantor is conveying to the Grantee by deed
(10) Granting Clause The conveyance clause of a deed
(11) Consideration Something of value given in a contract
(12) Legal Description The boudraries of real property that is recognized by law.

Best of luck with your studies...

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Paul Vojchehoske
Mr. Real Estate Seminars, Inc.
The Real Estate Classroom
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P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction.

Cheers,
Paul Vojchehoske