PSI Virginia Real Estate Practice Exam

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What is a General Warranty Deed?

A deed that limits the seller's liabilities
A deed with no warranties at all
A deed providing the highest protection to the grantee
A deed used for commercial properties only

The correct answer is: A deed providing the highest protection to the grantee

A General Warranty Deed is a legal document that provides the highest level of protection to the grantee (the buyer) regarding the property's title. This type of deed guarantees that the seller (the grantor) has a clear title to the property and has the right to sell it. Additionally, it offers several warranties, including the promise that the property is free from any liens or encumbrances, except for those specifically disclosed in the deed, and that the seller will defend the title against any claims. This type of deed also covers the entire history of the property title, meaning if any past issues arise, the seller is obligated to resolve them. The comprehensive nature of these warranties and protections makes the General Warranty Deed the most advantageous option for the grantee, ensuring they can confidently make a purchase without the fear of inheriting any unresolved legal issues.