Virginia Real Estate Exam Practice Question
What exactly is a deed?
Correct Answer: B
Rationale: A deed is fundamentally an instrument of conveyance, serving as a legal document that transfers ownership of real property from one party to another.
Option A, a mortgage, refers to a loan secured by real property, not the transfer of ownership itself.
Option C, an interest in personal property, pertains to rights associated with movable items, which is distinct from real estate conveyed by a deed.
Option D, chattel, specifically denotes personal property that is movable, further differentiating it from the real property context of a deed. Thus, only option B accurately defines the role of a deed in property transactions.
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