Property OwnershipIntermediateNorth Carolina Exam

NC General Statutes Chapter 39 governs conveyances of real property. Under this chapter, a deed conveying real property must be:

AOral, witnessed by two people

BIn writing, signed by the grantor, and delivered to the granteeCorrect

CNotarized and recorded before it is valid, under standard practice

DSigned by both grantor and grantee

Why In writing, signed by the grantor, and delivered to the grantee Is Correct

Answer B: In writing, signed by the grantor, and delivered to the grantee

Under NC General Statutes Chapter 39, a valid deed must be in writing, signed by the grantor, and delivered to and accepted by the grantee. Notarization is required for recording but not for the deed to be valid between parties.

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

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

People Also Study

Key Terms to Know

Deed

A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).

Deed of Trust

A security instrument used in many states instead of a mortgage, involving three parties: borrower (trustor), lender (beneficiary), and a neutral trustee.

Easement

A non-possessory right to use another person's land for a specific purpose.

Encumbrance

Any claim, lien, charge, or liability attached to real property that affects its value or limits its use.