Which covenant promises that the grantor owns the property?

Prepare for the Metro Brokers Exam with flashcards and multiple choice questions. Each question is accompanied by hints and explanations. Get ready for your certification!

The covenant that promises the grantor owns the property is the Covenant of Seisin. This covenant asserts that the grantor has the legal right to transfer ownership of the property and that they hold title to it. Essentially, it guarantees that the seller actually possesses the property and has the authority to convey it.

In real estate transactions, it is crucial for the buyer to know that the seller is the rightful owner in order to avoid future disputes over ownership. The Covenant of Seisin provides that assurance. If the grantor were to fail in this area, it could lead to legal issues or challenges regarding the rightful ownership in the future.

The other covenants mentioned serve different purposes. For instance, the Covenant of Quiet Enjoyment protects the buyer’s right to possess and enjoy the property without interference from others claiming a superior title. The Covenant against Encumbrances assures that there are no liens or claims against the property other than those disclosed. The Covenant of Warranty Forever, on the other hand, offers a promise to defend the title against any claims that may arise, but it does not specifically assert ownership itself.

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