Who conveys the property and receives payment in a real estate transaction?

In a real estate transaction, the seller is responsible for conveying the property and receiving payment. The seller's role includes transferring the ownership of the property to the buyer upon successful completion of the sale. This involves executing the deed, which is a legal document that provides evidence of the transfer of ownership, and ensuring that all agreed-upon terms of the sale are met before payment is made.

The buyer, while they are the party purchasing the property, does not convey the property; instead, they receive it once payment is made. The appraiser's function is to provide an assessment of the property's value, which is essential for establishing sale price and loan amount but does not involve transferring ownership. The lender facilitates financing for the buyer but does not convey the property either; they are primarily concerned with the transaction's financial aspects, ensuring that the buyer can afford the mortgage and that the collateral (the property) secures their loan. Thus, it is the seller who plays the key role of conveying the property in the transaction.