Oregon Property Appraiser Practice Exam

A General Warranty Deed is indeed a deed that provides the greatest protection to the property purchaser. This legal document guarantees that the seller holds clear title to the property and has the right to sell it. It ensures the buyer that the property is free from any liens or encumbrances, except those expressly stated in the deed, and it covers the entire history of the property.

This means that if any claims or issues arise with the title, such as undisclosed liens or previous ownership disputes, the seller is obligated to defend the buyer against these claims. Therefore, a General Warranty Deed offers a broad assurance that the buyer's ownership rights are fully protected, making it the most comprehensive deed in terms of buyer protection.

In contrast, other options present concepts that are not related to property ownership through a warranty deed. For example, a document related to securing the highest property bids is unrelated to the transactional guarantees provided in a General Warranty Deed. A lease agreement pertains to rental properties and involves different rights and responsibilities than those conveyed in a deed. Lastly, a contract that offers protection only against specific claims does not provide the full range of assurances that a General Warranty Deed does, thus highlighting the comprehensive nature of the latter as the most protective option for