What does a quitclaim deed accomplish in real estate?

A quitclaim deed serves to transfer an individual's interest in a property without providing any warranties or guarantees regarding the title's validity. This means that the person conveying the property does not assure the grantee that the title is free of claims, liens, or other encumbrances. Instead, the quitclaim deed simply passes whatever interest the grantor has, if any, at the time of the transfer.

This type of deed is often used in situations where the parties know and trust each other, such as transferring property between family members or resolving title issues. The lack of warranties distinguishes it from other types of deeds, such as warranty deeds, which do include guarantees about the title. Thus, option B accurately describes the primary function of a quitclaim deed in real estate transactions.