A deed is a legal document that is used to transfer ownership of real property from one party to another, whether by sale or gift. It does not provide proof of current ownership, assess the value of the property, prove payment of property taxes, or insure the property.

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A Deed Is Used To

Question 112

Multiple Choice

A deed is used to:

A) provide proof of the current ownership of real property.
B) prove that real estate is worth the price that was paid.
C) prove that the property taxes have been paid on a piece of real property.
D) convey real property by sale or gift.
E) insure real property.

Correct Answer: