2025 Michigan Real Estate Salesperson Complete Practice Exam

A quick claim deed, often referred to as a quitclaim deed, is specifically utilized to transfer whatever interest the grantor has in a property, without making any warranties regarding the extent or validity of that interest. This means that the grantor does not guarantee that they have clear title to the property or any rights associated with it; they are merely relinquishing any claim they might have, whether it is valid or not.

This type of deed is commonly used in situations where the parties know each other well, such as in transfers between family members, divorces, or to clear up title issues. Since the grantor does not provide any assurances, the recipient must be cautious and should verify any existing claims or encumbrances on the property before accepting it.

In contrast, other types of deeds, like warranty deeds, do convey full ownership rights along with guarantees from the grantor about the title's validity, and thus do not align with the characteristics of a quitclaim deed. Similarly, conditional ownership and ownership with restrictions imply additional stipulations or protections that are not inherent in a quitclaim deed.