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A real estate contract typically does not convey or transfer ownership of real estate by itself. A different document called a deed is used to convey real estate. In a real estate contract, the type of deed to be used to convey the real estate may be specified, such as a warranty deed or a quitclaim deed. If a deed type is not specifically ...
A notary public, if authorized by the secretary of state to conduct electronic notarization, must maintain a journal of all electronic notarization. This journal must be in an electronic format and must be maintained by the notary or a designated custodian for ten (10) years after the performance of the last electronic notarization. [25]
Some states require the deed to be notarized or acknowledged before a notary. [4] Some states permit a jurat , also known as a verification upon oath or affirmation , in which the affiant swears to the truth of the contents of the document, and signs the document in front of the notary.
The entity disposing, conveying, and selling the assets is referred to as the seller or vendor. [3] A PSA sets out the various rights and obligations of both the buyer and seller, and might also require other documents be executed and recorded in the public records, such as an assignment, deed of trust, or farmout agreement. [4]
An embossed foil Notary Seal from the State of New York. A notary public (a.k.a. notary or public notary; pl. notaries public) of the common law is a public officer constituted by law to serve the public in non-contentious matters usually concerned with general financial transactions, estates, deeds, powers-of-attorney, and foreign and international business.
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