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Illinois Real Estate License Online Terms Glossary

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QUARTER ROUND


A molding whose profile resembles a quarter of a circle. QUASI Almost as if it were.
QUASI-CONTRACT


A contract implied by law; that is, the law will imply and consider certain relationships as if they were a contract.
QUIET ENJOYMENT


The right of an owner to the use of property without interference with his or her possession or use.
QUIET TITLE ACTION


A lawsuit designed to remove any clouds on a title to property. It forces the claimant of an adverse interest in property to prove his right to title; otherwise he will be forever barred from asserting it.
QUITCLAIM DEED


A deed to relinquish any interest in property that the grantor may have, but implying no warranties. A deed that transfers only whatever right, title, or interest, if any, the grantor owns, without implying any warranties.
QUITE TITLE


A court action brought to establish title and to remove a cloud from the title.

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