California Real Estate Salesperson Exam Practice – Question 57

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Explanations

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For a deed to be considered valid and legally effective, several elements are essential, but the explicit payment of financial consideration is not one of them. Deeds, particularly gift deeds, can transfer property based on “love and affection” or nominal amounts, and still be valid.

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Here’s why the other options are essential:

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Delivery of the deed: The deed must be formally delivered by the grantor (or their representative) and accepted by the grantee to be valid. A deed that is not delivered during the grantor’s lifetime is typically considered invalid.

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Competent grantor: The grantor (seller or transferor) must have the legal capacity, meaning they are of legal age (18 or older) and mentally competent, for the deed to be valid. Without a competent grantor, the transfer could be voidable or void.

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Description of the property: A valid deed must include a clear and unique legal description of the property, such as a lot, block, and tract number, and/or a physical street address, to accurately identify it.

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