National Real Estate Practice Exam

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Study for the National Real Estate Exam. Utilize flashcards and multiple choice questions, each accompanied by hints and explanations. Prepare to excel on your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What is the additional requirement for a valid deed regarding the grantor?

Must include the property value
Must list marital status
Must have a tax ID number
Must state the reason for sale

The correct answer is: Must list marital status

A valid deed must include several key elements to ensure its legal standing and enforceability, one of which pertains to the identity of the grantor. The requirement of including the marital status of the grantor serves an important legal function. This is particularly relevant in jurisdictions where spousal consent may impact the validity of the transfer of real property. Including marital status helps prevent issues such as claims against the property by an unacknowledged spouse or during divorce proceedings, which can complicate ownership and transfers. The other options do not meet the standard requirements for a valid deed. While including the property value, tax ID number, or the reason for sale may be helpful for various purposes, such as tax assessments or record-keeping, they are not necessary components that validate the deed itself. The primary concern is accurately identifying the parties involved and ensuring all legal aspects surrounding the transfer are adhered to, making the inclusion of the grantor's marital status significant.