California Real Estate Salesperson Exam Practice – Quesiton 13

Explanations

• An acknowledgment is a formal declaration made before an authorized person, such as a notary public, by an individual who has executed a written instrument, confirming that it has been done voluntarily. This declaration is typically required for a deed to be approved for recordation, even if it is otherwise valid between the grantor and grantee.

• The term “notary public” is consistently associated with “acknowledgment” in legal and real estate contexts.

Endorsement refers to the act of signing the back of a negotiable instrument, like a check, to transfer it.

• A warranty is a promise or guarantee included in a contract, such as a seller guaranteeing clear title in a warranty deed.

• A guaranty of performance relates to ensuring that an obligation will be fulfilled, often by a third party, and is not the term for a formal declaration of execution.

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