Under what condition does the title to real estate generally pass?

Prepare for the Oregon Property Appraiser Exam. Use flashcards and multiple choice questions with hints and explanations for each question. Get ready for success!

The title to real estate typically passes at the point of delivery and acceptance of the deed. This process involves the current owner (grantor) transferring the deed to the new owner (grantee) and the grantee formally accepting the deed. The delivery signifies the grantor’s intention to transfer ownership, while acceptance confirms the grantee’s willingness to take on that ownership. This legal process ensures that the transfer of title is clear and recognized, making it an essential aspect of real estate transactions.

Oral agreements do not fulfill the legal requirements for proving the transfer of title, as real estate transactions must typically be documented in writing and executed through formal processes. Completion of construction might imply readiness for occupancy but does not inherently equate to a transfer of title unless the associated deed is delivered and accepted. Payment in cash alone also does not guarantee the transfer of title; the key factor is the delivery and acceptance of the deed, irrespective of how the transaction is financed.

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