Which of the following best describes a transfer of title in real estate?

Prepare for the Wyoming Real Estate Test. Study with our flashcards and multiple choice questions, each featuring hints and full explanations. Ace your real estate exam!

A transfer of title in real estate is commonly referred to as "conveyance." Conveyance specifically refers to the act of transferring ownership of real property from one party to another. This process involves the execution of legal documents, such as a deed, that formally convey the ownership rights.

In the context of real estate transactions, conveyance ensures that the title, which represents the legal ownership of the property, is transferred accurately and officially. It is a critical aspect of real estate practice, as it establishes who has the legal right to use, sell, or otherwise manage the property.

The other terms listed do not refer to the transfer of title. Mortgaging involves using property as collateral for a loan but does not transfer ownership. Leasing involves granting temporary use of the property for rent and also does not change ownership. Endowment, typically related to funds established for specific purposes, does not apply in the context of transferring title in real estate.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy