Florida Broker Practice Exam

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A committee deed is utilized when a person is deemed what?

Incompetent to sign
Deceased
Minor
Bankrupt

The correct answer is: Incompetent to sign

A committee deed is specifically utilized in situations where a person is deemed incompetent to sign. This typically occurs when an individual has been legally declared unable to manage their own affairs due to mental illness, disability, or other reasons. In such cases, a committee may be appointed by the court to act on behalf of the individual, and this committee can execute a deed to convey property or manage other legal matters. The use of a committee deed safeguards the interests of both the individual who is deemed incompetent and the parties involved in the transaction. This ensures that decisions regarding the person's assets are made in a legal and proper manner, reflecting the intent to protect those who cannot make their own decisions. This legal mechanism is critical for providing a framework that acknowledges the rights and needs of vulnerable individuals.