Real Estate Practice : Lesson 392

#392

If te government decides to transfer the title of property to a private party this is carried out by means of an instrument commonly known as a quitclaim deed.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo.

A. False

When a private party receives title to property from the government the govermnment will issue a patent to that party.

Generally speaking, a patent is an instrument which is used to convey a parcel of government land to a private party.

Just like granting an inventor the sole rights to an invention, the government is granting an individual the sole rights to a piece of land formerly owned by the government.