Transfer of Property, 8% of the examination
Grant deed
The standard California deed, carrying two implied warranties.
The implied warranties are that the grantor has not already conveyed the property to another, and that the estate is free from encumbrances made by the grantor that were not disclosed. A quitclaim deed conveys whatever interest the grantor has, which may be nothing, and gives no warranty at all. Title passes on delivery and acceptance, not on signing or recording.
What this is confused with
The exam rarely asks for a definition. It describes a situation and offers two terms that both sound plausible.
Quitclaim deed
Conveys only whatever interest the grantor happens to hold, with no warranties.
See also
See it in a question
One question from Transfer of Property, so the term lands in the context the exam uses it in.
What is the essential function of an escrow in a California transaction?
Written to DRE's published topic list. Not a real examination question, since reproducing those is a misdemeanour under B&P Code section 123.