Thomas is a principal broker in Oregon reviewing a deed that his client received after closing on a rural property in Josephine County. To be valid and enforceable as a conveyance of real property in Oregon, a deed must meet several requirements. Which of the following is NOT a requirement for a deed to be valid in Oregon?
Correct Answer
A) The deed must be recorded with the county clerk to transfer title between the parties.
Recording a deed is NOT required for the deed to be valid or for title to transfer between the grantor and grantee. Under Oregon law, a deed is effective to transfer title upon delivery and acceptance by the grantee. Recording under ORS Chapter 93 protects the grantee against subsequent claims from third parties (constructive notice) but is not a prerequisite for the deed's validity between the immediate parties.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Community property is a form of ownership recognized in certain states where property acquired during marriage is considered equally owned by both spouses, regardless of who earned the money or whose name is on the title.
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
In a cooperative (co-op), the building is owned by a corporation, and residents purchase shares of stock in the corporation that entitle them to a proprietary lease on a specific unit. Residents are shareholders, not property owners.
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