[IL Real Estate Broker Exam Prep] Types of Deeds

Описание: In this lesson, I cover the type of deeds used during a transfer of ownership which is one of the topics covered in the IL Real Estate Broker Pre-License Course curriculum. For the examination, you need to be aware of the types, what they mean and the granting clause/words of conveyance used to transfer ownership. All that is covered in this video so grab your notebook and pen/pencil for today's lesson on Transfer of ownership.

Video referenced in this video:    • [IL Real Estate Broker Exam Prep] Transfer...  
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The purpose of this channel is to help you pass the IL broker examination the very first time. If you have additional questions or other topics you want me to cover in future videos, leave them in the comments. After watching this, hop on to the next video. You got this!

A bit about me: I’m Nonye, a licensed managing broker in IL brokered by eXp Realty, LLC as well as a licensed instructor. I bring you weekly videos with the best tips and tools for getting your real estate license in IL as well as answer any questions you may have about the process. If you are getting your license in a different state, some of the information may apply to. However, please be aware that the content here is Illinois focused.

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Time Stamps:
00:00 Intro
00:42 What is a deed?
01:18 Grantor vs Grantee
01:57 What is a General Warranty Deed?
02:19 5 Covenants in a General Warranty Deed
04:39 What is a Special Warranty Deed?
06:30 What is a Quitclaim Deed?
07:55 Summary

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12 Most Common Questions About the IL Licensing Exam:    • 12 Most Common Real Estate Exam Questions ...  

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