Which of these is associated with a deed?

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 deed is a legal document that conveys ownership of real property from one party to another. It is specifically concerned with the transfer of title. The term “defeasible fee” relates to a type of estate in real property that can be voided or annulled under certain conditions—essentially, it defines the nature of ownership that can be subject to specific limitations or conditions.

In this context, a defeasible fee is significant because it is often documented and conveyed through a deed, thereby directly linking the concept of defeasible fees to the function and purpose of deeds in real estate transactions.

The other options do not serve the same purpose as they either relate to financial aspects (like a loan application), rental arrangements (like a rental agreement), or agreements for the sale of property (like a purchase contract) but do not involve the conveyance of title directly. Therefore, the associational relevance of a defeasible fee to deeds is rooted in their role in defining certain types of property ownership which are managed and transferred through deeds.

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