TX Real Estate Law Specialist Practice Questions - Texas Board Certified - Real Estate Law Exam

In Texas, what is the essential legal effect of a quitclaim deed on the grantee's status as a subsequent purchaser?

It conveys after-acquired title automatically to the grantee It carries the same implied covenants as a deed using 'grant and convey' It is void unless it recites consideration of at least $10 It conveys only whatever interest the grantor has, if any, and a quitclaim grantee generally cannot claim bona fide purchaser status

Correct Answer:

It conveys only whatever interest the grantor has, if any, and a quitclaim grantee generally cannot claim bona fide purchaser status

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