Property Ownership
In Delaware, a deed must be delivered to be effective. Delivery means:
AThe deed is notarized
BThe grantor intentionally transfers possession of the deed to the grantee with intent to pass title✓ Correct
CThe deed is recorded at the county
DThe deed is mailed to the buyer
Explanation
Delivery requires the grantor to intentionally pass the deed to the grantee with the present intent that title is transferred. Without delivery and acceptance, no transfer of title occurs.
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Key Terms to Know
Fair Housing Act
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
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Transfer TaxA tax imposed by state or local governments when real property ownership is transferred, typically based on the sale price.
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