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Understanding the purpose of the Deed and conveyance of title is essential for students studying for their real estate licensing exam. In this real estate exam prep video, we discuss, the purpose of the deed, how conveyance of title works, essential elements of a deed, and the importance of recording a deed. Key real estate terms discussed in this real estate exam prep video: (1) Deed - Written legal instrument that conveys title of real property (2) Conveyance of Title - Transfer of ownership of real property (3) Grantor - The seller who conveys ownership interest in real property (4) Grantee - The purchaser of real property (5) AcknowledgmentThe act of going before an authorized notary public and declaring a legal document to be one's voluntary "act and deed." (6) Recordation - The act of giving public notice or Constructive Notice by recording a legal document (7) Plat - A map of a specific area (8) Deed Restriction - A provision in a deed that limits or restricts the useage of real property (9) Habendum Clause - The "have and to hold" clause in a deed that defines or limits the quantity of an estate the Grantor is conveying to the Grantee by deed (10) Granting Clause - The conveyance clause of a deed (11) Consideration - Something of value given in a contract (12) Legal Description - The boudraries of real property that is recognized by law. Best of luck with your studies... ✅ Subscribe for more FREE tips on how to do YouTube better: https://www.youtube.com/therealestate... ➡️More Real Estate Exam Prep Videos / @therealestateclassroom 🛑Recommended Videos How to Calculate Property Taxes • Real Estate Math Video #5 - How To Ca... 💕My Most Watched Videos: Real Estate Agent Bookkeeping Spreadsheet - Updated for 2020 • Real Estate Agents Bookkeeping Spread... 👉 The Real Estate Agent's Business Plan Template: • (Part 1) Real Estate Agent's Annual B... You can find me hanging out most days on Facebook! Facebook: / askpaulv New real estate exam prep videos uploaded 2-3x per week to students pass their real estate exam. Feel free to leave a comment, suggestion, or questions asked in the comment section. Email me: [email protected] Paul Vojchehoske Mr. Real Estate Seminars, Inc. The Real Estate Classroom P. O. Box 540725 Omaha, NE 68154 (402) 660-0395 This description may contain affiliate links to products we enjoy using ourselves. Should you choose to use these links, this channel may earn affiliate commissions at no additional cost to you. We appreciate your support! P.S. Nothing in this video shall be construed as legal or financial advice and is for INFORMATIONAL purposes only! Please consult with a competent attorney, financial advisor, and your broker before implementing anything you’ve learned from this video. Likewise, the issues discussed herein may not be applicable in your state or local jurisdiction. Cheers, Paul Vojchehoske