National Real Estate Practice Exam

Which of the following is NOT an element necessary for a valid deed?

1. Delivery and acceptance of deed

2. Payment of property taxes

3. Signed and acknowledged by grantor

4. Legal description of the property

The correct answer is: Payment of property taxes

A valid deed requires several essential elements to ensure its legality and enforceability. Among these elements, delivery and acceptance of the deed is critical, as it signifies that the grantor intends to transfer ownership and that the grantee agrees to accept it. The requirement for the deed to be signed and acknowledged by the grantor is also vital, as it provides evidence of the grantor’s intent and authority to transfer the property. Additionally, a legal description of the property is necessary so that the exact boundaries and identity of the property being conveyed are clearly defined. This prevents any future disputes regarding the property's location and size. While payment of property taxes is important for maintaining ownership of the property and avoiding liens, it is not a requirement for the deed itself to be considered valid. Thus, it does not qualify as an essential element in the creation of a legally binding deed.