Which type of deed is associated with "good" consideration?

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 gift deed is associated with "good" consideration because it involves the voluntary transfer of property without the exchange of money or other tangible value, typically as a gift. In real estate, "good" consideration refers to a love and affection or other non-monetary value that does not have the same market value as "valuable" consideration, which typically involves a price or a monetary exchange.

For example, when a parent transfers property to a child as a gift, the transaction is based on the goodwill and affection between them, rather than a financial transaction. This is distinct from other types of deeds which may involve either no consideration at all, or valuable consideration where one party pays for the property.

In contrast, warranty deeds and special warranty deeds provide guarantees about the title, focusing on the protection of the buyer against claims on the property, while quitclaim deeds merely transfer whatever interest the grantor has in the property without guarantees. These options typically involve monetary or valuable consideration rather than good consideration.

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