Asked by Manpreet Aulakh on May 11, 2024
Verified
A document by which title to real property is transferred from one party to another is called a
A) purchase agreement.
B) mortgage.
C) lease.
D) deed.
Purchase Agreement
A legally binding contract outlining the terms and conditions for the sale and purchase of goods, services, or property.
Deed
A legal document that represents the ownership of property, transferring it from one party to another.
Mortgage
A loan specifically designed for the purchase of property, in which the property itself serves as security for the loan.
- Acknowledge the principal factors and legal imperatives in a real estate transaction, including the submission of offers, the conduct of closings, and the responsibilities of escrow.
Verified Answer
MM
Mideilys Martinez VelosoMay 15, 2024
Final Answer :
D
Explanation :
A deed is the legal document that transfers ownership of real property from one party to another.
Learning Objectives
- Acknowledge the principal factors and legal imperatives in a real estate transaction, including the submission of offers, the conduct of closings, and the responsibilities of escrow.