What signifies the mutual agreement between grantor and grantee in a deed?

Prepare for the Minnesota Real Estate Salesperson Exam. Engage with flashcards and multiple choice questions, each with hints and explanations. Ace your exam!

The mutual agreement between grantor and grantee in a deed is signified by the acceptance of the deed. This acceptance is a crucial aspect because it indicates that the grantee acknowledges and agrees to the terms and conditions of the property transfer. When the grantee accepts the deed, it completes the transaction, confirming that the grantor has conveyed their rights to the property.

While the execution of the deed, delivery of the deed, and signing of the sales contract are all important steps in the real estate transaction process, they do not in themselves establish the mutual agreement. For example, a deed can be executed and delivered but still not be effective if the grantee does not accept it. Thus, the act of acceptance is the definitive moment that solidifies the mutual agreement in the property transfer.

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