Which term refers to the legal description and interests conveyed in a deed?

Study for the ASU REA380 Exam 2. Prepare with flashcards and multiple choice questions, each question includes hints and explanations. Get ready for success!

The term that refers to the legal description and interests conveyed in a deed is "conveyance." In the context of real estate, a conveyance is the act of transferring ownership or title of property from one party to another, which is typically executed through a deed. The deed contains specific details about the property, such as its legal description, the identity of the parties involved, and the interests being transferred. This legal description ensures that the property is clearly defined and can be differentiated from other parcels of land, mitigating any potential disputes over boundaries.

Other options, while relevant to real estate transactions, do not specifically pertain to the legal aspects of transferring property interests. For instance, property appraisal refers to the process of determining a property's value, title examination involves reviewing the legal documents to confirm ownership and identify any liens or encumbrances, and specification may refer to detailed descriptions or requirements concerning property features but does not directly relate to the act of conveying property ownership.

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