Which type of deed indicates there are no claims on the property?

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Prepare for the Nova Scotia Real Estate Exam. Study with flashcards and multiple-choice questions, each with hints and explanations. Get ready to succeed!

The choice indicating that there are no claims on the property is a Warranty Deed. This type of deed provides the highest level of protection to the buyer, as it guarantees that the seller holds clear title to the property and has the right to sell it. Furthermore, the seller is responsible for any claims or legal issues that might arise regarding the title during the time they owned it. The warranty deed includes covenants that assure the buyer of the property's status, thereby indicating that there are no claims or encumbrances against it.

In contrast, a Quit Claim Deed does not provide any promises or guarantees about the title. Instead, it simply transfers whatever interest the seller has in the property, which could be limited or subject to various claims. This means the buyer could inherit existing claims or liens.

A Confirmatory Deed generally serves to confirm or clarify previously executed deeds and does not typically indicate the absence of claims.

A Trustees Deed is executed by a trustee in connection with trust property and, while it may also transfer title, might not guarantee that there are no claims against that title.

In summary, the Warranty Deed stands out as the document that provides clear assurances regarding the absence of claims on the property, reinforcing the buyer's confidence in

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