Escrow & Title
In New Mexico, a deed must contain which essential element to be valid?
AA legal description and signature of the grantor✓ Correct
BA notarized signature of the grantee
CThe sale price of the property
DThe broker's license number
Explanation
A valid deed requires: an identified grantor and grantee, a legal description of the property, words of conveyance (granting clause), and the grantor's signature. Delivery and acceptance are also required.
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