What legal status does a quitclaim deed confer to the buyer?

A quitclaim deed conveys title to a buyer without any warranties or representations regarding the quality of the title. This means that the buyer receives whatever interest the seller has in the property, but there are no guarantees about the validity or extent of that interest. The seller does not promise that the title is valid or free from encumbrances, so if issues arise related to ownership, the buyer has no recourse against the seller for those problems.

This lack of guarantees is a defining characteristic of quitclaim deeds, making them suitable for situations where the parties know each other well or when the seller is not certain of their title's strength. In scenarios such as property transfers between family members or in divorce settlements, quitclaim deeds are commonly used because the parties involved may trust each other to handle any issues that arise.

The other choices do not accurately describe the nature of a quitclaim deed. Permanent ownership implies a guaranteed and secure title, which is not provided by a quitclaim deed. Conditional ownership suggests that there are restrictions or conditions on the title, which does not specifically align with the no-warranties provided by a quitclaim deed. Full rights to develop the property could suggest implied guarantees about ownership, which a quitclaim deed does not confer, as