what does a "quit claim deed" signify?

[Jon Joro]

Hey all, new investor here with 1 deal in the pipeline. this is a deal im in at the moment.

I made an offer an a 3 unit investment property and the seller comes back saying “ I could work with your price however this is a cash sale with immediate closing. If funds are received today the quit claim deed can go off to the recorder Monday since its going to be pretty cut and dry; as is, no tax prorations, or warranties offered. With the amount of attention its received I will not be holding it. ”

With all education I have taken I haven’t heard of this. What would you do in this situation?

Thank you in advance