Florida Real Estate Practice Exam

What does a Bargain and Sale Deed imply?

1. The property has encumbrances

2. The grantor has the right to convey title

3. There is a warranty of title

4. The property cannot be sold

The correct answer is: The grantor has the right to convey title

A Bargain and Sale Deed means that the grantor (seller) has the right to convey the title to the buyer without guaranteeing that the property is free from any encumbrances or without providing a warranty of title. Options A, C, and D are incorrect because they all suggest additional obligations or limitations on the grantor's part, which are not implied in a Bargain and Sale Deed. Option A incorrectly suggests that the property may have encumbrances, which is not necessarily the case. Option C is incorrect because a Bargain and Sale Deed does not include a warranty of title. And option D is incorrect because selling a property is precisely what a Bargain and Sale Deed allows the grantor to do.