Florida Broker Practice Exam

Which of the following is NOT one of the four types of statutory deeds?

1. Quitclaim deed

2. General warranty deed

3. Joint tenancy deed

4. Bargain and sale deed

The correct answer is: Joint tenancy deed

The correct choice highlights that a joint tenancy deed is not classified as one of the four types of statutory deeds. Statutory deeds are specific types of deeds that are defined and regulated under statutory law, and they generally include the quitclaim deed, general warranty deed, and bargain and sale deed. A quitclaim deed is used to transfer whatever interest the grantor may have in the property without any warranties. A general warranty deed offers the highest level of protection to the grantee, including warranties against all claims and a guarantee that the grantor holds clear title to the property. A bargain and sale deed typically conveys property without warranty of ownership but implies the grantor has the right to sell the property. In contrast, a joint tenancy deed refers to a way of holding title to property rather than a specific type of deed. Joint tenancy is a form of ownership where two or more individuals share the ownership of the property with equal rights, which can include the right of survivorship, but it does not represent a statutory deed in itself. Thus, identifying a joint tenancy deed as not being classified among the statutory deeds is accurate.