During the exchange stage, what action is performed?

During the exchange stage, what action is performed?

• A. Deduce title
• B. Prepare for completion
• C. Post completion matters
• D. Draft mortgage

Answer: (A)

During the exchange stage, the focus is on confirming the buyer’s position by verifying the seller’s ownership and ensuring the title is clear enough to transfer. Deducing title means reviewing the title deeds, registry entries, and any encumbrances, covenants, or rights that affect the property, so both parties can proceed with certainty once contracts are exchanged. This step provides the essential assurance that the seller has good title to transfer and that there won’t be surprises after binding contracts are in place. Other tasks like drafting a mortgage, post-completion matters, or purely preparatory steps for completion are associated with other stages of the process.

During the exchange stage, the focus is on confirming the buyer’s position by verifying the seller’s ownership and ensuring the title is clear enough to transfer. Deducing title means reviewing the title deeds, registry entries, and any encumbrances, covenants, or rights that affect the property, so both parties can proceed with certainty once contracts are exchanged. This step provides the essential assurance that the seller has good title to transfer and that there won’t be surprises after binding contracts are in place. Other tasks like drafting a mortgage, post-completion matters, or purely preparatory steps for completion are associated with other stages of the process.