Real Estate Language

Definitions & Explanations for Commonly Used Terms

Real estate, like any other industry, comes with it's own unique language.

Consider us your translators and teachers.

Use our expandable glossary below for category-specific definitions & explanations
of some of our industry's most commonly used terms & phrases.

Click on a category to learn more:

Deeds

Bargain and Sale Deed

A deed by which the grantor (seller) “bargains, sells and conveys” real property to the grantee (buyer). A bargain and sale deed conveys fee simple title to the grantee and warrants against defects created by the grantor, except for those matters disclosed in the deed.

Quit Claim Deed

A deed by which the grantor “conveys and quit claims” to the grantee any interest the grantor might have, if any, in certain real property. A quit claim deed conveys no warranties of title. A quit claim deed conveys no after- acquired title, unless the deed contains words expressing the intent to do so.

Personal Representative Deed

An attorney prepared deed used when the seller of property is deceased. The grantor on PR deed has been authorized by the court to convey the property on behalf of the estate. The attorney which prepares the deed may incorporate warrants similar to Bargain and Sale Deed or Special Warranty Deed or Quit Claim Deed.

Statutory Warranty Deed

A deed by which the grantor “conveys and warrants” the real property to the grantee. A statutory warranty deed conveys fee simple title to the grantee and warrants against defects asserted by all persons, except for those matters disclosed in the deed.

Special Warranty Deed

A special warranty deed is similar to a Washington form bargain and sale deed, which conveys fee simple title to the grantee and warrants against defects created by the grantor, except for those matters disclosed in the deed.

Tax Deed

A deed issued by the county treasurer to the purchaser at a tax sale conducted due to nonpayment of taxes. A tax deed should be recorded to give notice that title has passed to the purchaser at the sale.

Trustee’s Deed

A deed issued by the trustee of a deed of trust following the non-judicial foreclosure of a deed of trust in default. First the trustee or beneficiary send a Notice of Default. Then, the trustee; 1) records a Notice of Trustee’s Sale; 2) holds a trustee’s sale; and 3) issues a trustee’s deed to the highest bidder at sale. The trustee’s deed should be recorded to give notice that title has passed to the purchaser at the sale.

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