PSI Virginia Real Estate Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the PSI Virginia Real Estate Exam with comprehensive quizzes. Study using flashcards and multiple-choice questions, complete with hints and explanations. Ace your exam with confidence!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Why is recording a deed important?

It allows for the deeds to be easily accessed by the public
It guarantees the grantor’s ownership for life
It provides evidence in case of title disputes
It increases the value of the property

The correct answer is: It provides evidence in case of title disputes

Recording a deed is important primarily because it provides evidence in case of title disputes. When a deed is recorded in the public records, it serves as an official document that establishes the chain of ownership and helps to protect the rights of the current property owner. If there are any disputes regarding who truly owns the property, having a recorded deed makes it easier to prove ownership and resolve any conflicts that may arise. The process of recording also helps to inform the public, including potential buyers or lenders, about the property’s ownership status, thereby enhancing transparency in real estate transactions. While some of the other choices address aspects of the recording process, such as accessibility and public knowledge, the primary significance lies in its role as a safeguard against future disputes regarding property ownership.