Understanding Property Deeds in Real Estate Sales: Common Deed Types, Uses, Protections Granted
Selecting the Right Deed for the Transaction to Mitigate Client Risk
Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
Intermediate
- work Practice Area
Real Property - Transactions
- event Date
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
90 minutes
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
This CLE webinar will provide new real estate attorneys with an overview of property deeds used in real estate sales transactions. The panel will discuss the role of the deed in the transaction. The panel will examine common deed types, under what circumstances they should be used, and the protections granted. The panel will also offer best practices for reviewing and/or drafting deed language to mitigate client risk.
Property deeds transfer the ownership of real property from the seller (grantor) to the buyer (grantee). Understanding where property deeds fit into the real estate sales transaction process and the types of real property deeds available is critical because each deed type offers varying levels of protection. While deed types may vary to some degree by state, there are common types of which counsel should be aware to best protect their clients' interests during the transaction.
Listen as our expert panel discusses the most common types of property deeds used in real estate sales transactions. The panel will provide an overview of essential deed elements for legal validity and will describe under what circumstances each type of deed should be used. The panel will discuss the legal protections granted by each and discuss best practices for reviewing and/or drafting deed language to mitigate client risk in the transaction.
- Introduction
- Title vs. deed: where deeds fit into the real estate sales transaction
- Essential deed elements
- Long and short form deeds
- Common types of deeds, uses, protections granted
- General warranty
- Special or limited warranty
- Quitclaim
- Others
- The language of the deed: reviewing and drafting considerations
- Recording the deed
- Practitioner takeaways
The panel will review these and other key considerations:
- What are the most common types of deeds used in real estate sales transactions? Under what circumstances should they be used?
- What types of warranties/protections are offered by each?
- How should counsel determine when to use a certain type of deed for a particular transaction?
- What are best practices for reviewing and/or drafting deed language to best protect clients' interests?
