Good afternoon. Yes, you can quit claim an undivided interest in the property to your brother and his wife. This deed would need to be witnessed, notarized, and then recorded in the local real property records where the property is located. You and your wife each have a $1,000,000 lifetime gift exemption, so as long as the interest you are transferring is under these amounts and you have not used these amounts previously, you should suffer no gift tax consequences as a result of the transfer.
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The information given here is not legal advice. As all states have different intricacies in their laws, the information given is general only. This communication does not establish an attorney-client relationship with you. I hope this answer has been helpful to you.