Asked by
LILLY ROBINSON
on Dec 01, 2024Verified
In order for a deed to be effective between the purchaser and the seller of real estate, the deed must:
A) be in writing and signed by both parties.
B) include the actual sale price.
C) be recorded pursuant to the state statute.
D) be delivered to the buyer by the seller with the intent to transfer title.
Effective Deed
A legal document that transfers ownership of real property and becomes valid once it is executed according to laws and delivered to the grantee.
Real Estate
Real estate, which encompasses the land, buildings situated on the land, and the inherent natural resources.
State Statute
A law enacted by the legislative body of a state government.
- Learn about the various implements and legal actions taken in the conveyance and defense of real estate holdings.
- Identify and explain the various types of deeds and their purposes in real estate transactions.
Verified Answer
MK
Learning Objectives
- Learn about the various implements and legal actions taken in the conveyance and defense of real estate holdings.
- Identify and explain the various types of deeds and their purposes in real estate transactions.