Who is referred to as the person who transfers the title to real property?

Prepare for the Minnesota Real Estate Salesperson Exam. Engage with flashcards and multiple choice questions, each with hints and explanations. Ace your exam!

The person who transfers the title to real property is known as the grantor. In real estate transactions, the grantor is the individual or entity that currently holds the title and is conveying their ownership rights to another party, typically through a deed. This process includes the necessary legal formalities to ensure that the transfer is valid and effective.

In contrast, the grantee is the recipient of the property title from the grantor, but they do not have the authority to transfer the title; they merely accept it. The term title holder generally refers to the individual or entity that holds legal title to the property at any given time, but it does not specifically denote one who is engaged in transferring that title. The buyer signifies a party involved in purchasing property but it is not exclusive to the act of transferring title; rather, it is the outcome of the transaction.

Understanding these roles is crucial in real estate as they define the rights and responsibilities of each party involved in a property transfer.

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