Chapter 9
Transferring Ownership: Deeds and Title Closing
IN THIS CHAPTER
Understanding the elements of a deed
Finding out about different kinds of deeds
Examining several ways to legally describe property
Discovering what happens before, during, and after a title closing
Your job as a real estate agent all comes together when ownership of a piece of real estate goes from one person to another. You’ll probably get paid only if ownership of the property is transferred as a result of a sale or an exchange. By the way, another term that means the same as transferred in real estate language is conveyed, and I use the two words interchangeably. From the real estate agent’s perspective, after a deal has been reached, a few more steps still need to be taken by either or both the agent and attorneys to change ownership of the property from one person to another.
This chapter gives you important information about how ownership of property is transferred from one person to another. I talk about the documents that are needed, such as the deed, and how property is described so that no mistakes ...
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