Which document is primarily used for transferring title to real property?

Study for the South Carolina Real Estate Broker Exam. Prepare with flashcards and multiple choice questions, each with detailed hints and explanations. Get ready to ace your broker licensing exam!

The deed is the primary document used for transferring title to real property because it serves as the legal instrument that conveys ownership from one party to another. When a property is sold, the seller uses a deed to officially transfer their interest in the property to the buyer. The deed contains essential details such as the names of the grantor (the seller) and grantee (the buyer), a description of the property, and the signature of the grantor. Upon execution and delivery, the deed is recorded in the appropriate government office, which helps establish public evidence of the ownership transfer.

While other documents like a mortgage can be associated with real property transactions, they do not transfer ownership. A mortgage is a security instrument that provides the lender with a claim on the property if the borrower defaults on the loan, but it does not change the title ownership. Similarly, a lease agreement pertains to the rental of property rather than a transfer of ownership, and a purchase contract outlines the terms of the sale but is not the actual document that transfers title. Thus, the deed is the definitive document for title transfer in real estate transactions.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy