Which type of deed is used to correct an error in a previous deed?

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!

A reformation deed is specifically designed for the purpose of correcting an error in a previous deed. This type of deed is used when there are mistakes in the original deed, such as typos, misdescriptions of property boundaries, or incorrect grantor/grantee names. The reformation deed acts to clarify the original intent of the parties involved and formally makes the necessary changes to ensure the deed accurately reflects the correct information.

While warranty deeds and quitclaim deeds serve different purposes—warranty deeds provide a guarantee of clear title and quitclaim deeds transfer any interest the grantor has without warranties—neither is intended for correcting errors in a previous deed. A testator's deed is not relevant in this context, as it pertains to property transfers made upon death in accordance with a will. Thus, the reformation deed stands out as the correct choice for amending inaccuracies in documentation associated with property ownership.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy