Transfer of Title Practice Questions

Which of the following is a requirement for a valid deed?

A valid deed requires a competent grantor, named grantee, granting clause, legal description, and delivery + acceptance. The GRANTOR signs (not the grantee); recording is for priority, not validity. Common trap: students think recording is required for a deed to be valid; recording only protects priority.

A cooperative (co-op) owner holds:

A co-op owner buys SHARES in the corporation that owns the building and receives a proprietary lease for their unit — they own personal property (stock), not real estate. Common trap: students think co-op owners hold real property title like condo owners; co-op ownership is stock + lease.

Which of the following BEST describes "constructive notice"?

Constructive notice is the legal presumption that a person knows what is in the public record or what visible possession would reveal. Actual notice is real knowledge. Common trap: students confuse constructive notice (presumed by recording/possession) with actual notice (real knowledge).