What type of deed conveys ownership from a seller to a buyer without warranty against encumbrances?

Prepare for the North Carolina Broker Reciprocal Exam. Sharpen your skills with flashcards and multiple-choice questions. Each question offers explanations to ensure clarity and understanding. Get ready to excel!

A quitclaim deed is specifically designed to convey whatever interest the grantor has in the property without offering any warranties or guarantees regarding the extent of that interest. This means that the grantor does not assure the grantee that the title is clear or free of encumbrances such as liens, mortgages, or easements. The grantor is essentially saying, "I hand over my rights in this property to you, but I make no promises about those rights."

This type of deed is often used in situations where the parties know each other well, such as transfers between family members, or in situations where the grantee is willing to accept the risk associated with potential title issues. Since no warranties are involved, the quitclaim deed is a straightforward mechanism to transfer property without the complexities and liabilities associated with warranties found in other types of deeds.

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