Property OwnershipIntermediateDelaware Exam
Delaware real estate is transferred from seller to buyer by delivery and acceptance of a valid:
ATitle insurance policy
BDeedCorrect
CSurvey
DMortgage
Why Deed Is Correct
Answer B: Deed
A deed is the legal instrument used to transfer ownership of real property. The deed must be delivered to and accepted by the buyer to complete the transfer.
Exam Tip: Property Ownership
Property ownership questions test the bundle of rights and different forms of ownership. Know the differences between joint tenancy, tenancy in common, and community property, including the right of survivorship.
Key Property Ownership Terms in This Question
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Key Terms to Know
Adverse Possession
A doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EasementA non-possessory right to use another person's land for a specific purpose.
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
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