A deed is the most common written instrument used to convey the title to real property. Consequently, all real estate professionals need a clear understanding of the uses and purposes of different types of deeds. This course illustrates the difference between the concept of title and the concept of a deed. This course includes the following lessons: Introduction to Deeds and Title Conveyance Types of Deeds State-Specific Information Real Estate Practice The first lesson of this course reviews the requirements of a legally enforceable contract. And, because a deed is a legal contract between two parties, requirements for a deed to legally convey the title to real property are also reviewed and explained in detail. The second lesson of this course covers types of deeds and their different uses. Types of deeds differ in the extent of covenants and warranties on the title that are offered to the grantee. The most common types of deeds for voluntary land conveyance are general warranty deeds, special warranty deeds, bargain and sale deeds and quitclaim deeds. The lesson then identifies other types of deeds that may be used for special purposes. However, all states have distinctive legislation pertaining to title conveyance. As a result, the third lesson of this course outlines relevant state statutes that affect deeds, including those that differentiate between the unauthorized practice of law and the lawful role of real estate professionals. The last lesson in this course is a real estate practice lesson in which the student is presented with real world situations that licensees might face in the field. This lesson gives the student the opportunity to employ his or her new knowledge, and to use the material in this course to properly manage ethical predicaments and problematic transactions.
Upon completion of this course, the student will be able to:
- List the general requirements of a legally enforceable contract.
- Describe the difference between the concepts of “title” and “deed.”
- Explain the basic use and purpose of deeds.
- Identify the elements of a deed for voluntary land conveyance.
- Recognize the different types of deeds and identify what type of deed should be used, depending on the quality of estate and condition of title to be transferred.
- Distinguish his or her role as a real estate professional from the role of a licensed attorney.
- Describe state-specific laws pertaining to title conveyance.
Deeds - Indiana Real Estate Commission
End of Course Instructions
Once you have completed this continuing education course you return to your student profile page where your Certificate of Completion is available for printing. Please keep a copy of your certificate for your own records.
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