What type of agreement must be written and recorded to be acknowledged by all parties involved?

Study for the ASU REA380 Real Estate Fundamentals Exam. Use flashcards, multiple choice questions, and get hints and explanations for each question. Prepare thoroughly for your exam!

The requirement for certain agreements to be written and recorded is rooted in property law, specifically concerning the need for formal documentation to establish rights and interests that affect real estate. In this context, the correct answer is an "Agreement" because it encompasses any arrangement that conveys rights, obligations, or interests in real property, and many of these agreements must adhere to statutory requirements for enforceability.

For example, real estate contracts, leases longer than a year, and easements typically need to be in writing and recorded to ensure they are acknowledged by all parties, as well as protect the interests conveyed from disputes or future claims. Recording an agreement serves several purposes: it provides public notice of the rights established, protects against claims from third parties, and can be essential for establishing priority among competing interests.

Other options listed—such as termination, conservation easement, and profit à prendre—while relevant to specific contexts in real estate law, do not universally require writing and recording to the same extent as broader agreements. A termination agreement might not need to be recorded depending on the circumstances; conservation easements do have specific requirements but are a subset of agreements, and profit à prendre specifically refers to the right to harvest resources from another's land, which also would require a written form

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