In Delaware, a deed must be delivered to be effective. Delivery means:
Why The grantor intentionally transfers possession of the deed to the grantee with intent to pass title Is Correct
Answer B: The grantor intentionally transfers possession of the deed to the grantee with intent to pass title
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
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
RedliningAn illegal practice where lenders or insurers deny services or charge higher rates in certain neighborhoods based on the racial or ethnic composition of those areas.
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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