New York State Real Estate Salesperson Licensing Exam

What is another term for the transfer of title to real property?

1. Conveyance

2. Assignment

3. Carriage

4. Mortgage

The correct answer is: Conveyance

The term "conveyance" is used to refer specifically to the transfer of title to real property. In real estate, conveyance is the legal process through which ownership rights in a property are transferred from one person or entity to another. This process typically involves the execution of a deed, which is a legal document that outlines the details of the transfer and is recorded in the public record to formalize the transaction. Understanding conveyance is essential for real estate professionals, as it lays the foundation for how ownership is established and transferred in property transactions. In contrast, "assignment" typically refers to the transfer of rights or obligations in a contract, rather than the title itself. "Carriage" is not a relevant term in real estate transactions, as it generally relates to the act of carrying or transporting. "Mortgage," on the other hand, refers to a loan secured by the property, not the transfer of title. Therefore, the correct terminology for the transfer of title is clearly conveyance.