Florida Real Estate Practice Exam

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What does a Quitclaim Deed do?

Transfers property with full warranties
Relinquishes any interest the grantor has without warranty
Guarantees the property has no liens
Changes the zoning of a property

The correct answer is: Relinquishes any interest the grantor has without warranty

A Quitclaim Deed is a legal document used to transfer ownership of real property from one party to another. It differs from a traditional deed in that it does not guarantee the grantor's interest in the property, but rather, simply relinquishes any interest they may have in the property. This means that the grantee (buyer) will not receive any warranties or guarantees of the property's title or liens. Option A is incorrect because a Quitclaim Deed does not transfer property with full warranties. Option C is incorrect because it does not guarantee the property has no liens. Option D is incorrect because a Quitclaim Deed does not involve changing the zoning of a property.