This module begins with an overview of transfer types and methods. It continues with conveyances, including: Required elements and common provisions, minerals vs. royalty conveyances, warranty deeds and quitclaim deeds, delivery and acceptance, and the use of bank/sight drafts. It follows up with explaining recording and recording statues. Then, it wraps up with a description of assignment of lease-related interests.

Duration: Approximately 30 minutes, depending on user pace.

Learning Objectives: Upon successful completion of this module, you will be able to:

• Describe ways that mineral rights can be transferred
• List required elements of a conveyance
• Explain the common use of bank drafts to make conditional payment
• Name the three different types of recording statutes used by states
• Describe lease assignments

Prerequisites: Module 1-13

Advance Preparation: None

Program Level: Non-technical

Format: Prerecorded narrator with supporting visuals. User controls course pace.