What is a legal requirement for transferring property ownership in Minnesota?

Prepare for the Minnesota Real Estate Test. Utilize flashcards and multiple choice questions with hints and feedback. Ace your exam!

The correct answer is that the transfer must be in writing and recorded with the county. In Minnesota, the law stipulates that in order for a property transfer to be legally valid and enforceable, it must be documented in a written format. This written document is typically prepared in the form of a deed. Additionally, for the transfer to provide public notice of the new ownership, it must be recorded with the county where the property is located. Recording the document ensures that there is a public record of the ownership, which is crucial for title security and for protecting the interests of all parties involved in future transactions.

Options suggesting that the transfer could be verbal, done through email, or solely requires notarization do not meet the statutory requirements outlined in Minnesota law. Verbal agreements lack the necessary formalities to be binding in real estate transactions, while email confirmations do not provide the legal protection and acknowledgment that recorded documents do. Notarization, while often a necessary step, is not sufficient on its own to fulfill the requirement for a written transfer and recording.

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