Real Estate Practice : Lesson 393

#393

When a warranty deed is given to the purchaser of a parcel of real estate the warranty deed specifically warrants that the price paid for the property was within 5% of the actual market value of the property.

Is this true or false ?

Take your time on this real tough question :-) The solution, as usual, is posted below the royalty free wildlife photograph.

A. False

A warranty deed warrants that the grantor has the right to convey the deed and also owns the property.