Virginia Real Estate Exam Practice Question
Which one of these describes a deed?
Correct Answer: B
Rationale: A deed is a legal document that conveys ownership of real property, making option B the most accurate description.
Option A, an abstract of title, is a summary of the legal history of a property but does not itself transfer ownership. Option C, a promissory note, is a financial document that outlines a promise to pay a debt, unrelated to property ownership. Option D, a recording fee, refers to the cost associated with filing documents with the county, not a document that conveys ownership. Understanding these distinctions clarifies the role of a deed in real estate transactions.
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