Who is the individual that receives a conveyance of real property in a transaction?

Who is the individual that receives a conveyance of real property in a transaction?

• A. Grantor
• B. Grantee
• C. Title holder
• D. Beneficiary

Answer: (B)

The individual who receives a conveyance of real property in a transaction is referred to as the grantee. In property transactions, the grantor is the person who transfers or conveys the property, while the grantee is the recipient of that transfer. This role is essential in real estate as it establishes legal ownership and the rights associated with the property. In this context, the grantee is the party that will hold the title to the property once the transaction is complete. This distinction is crucial for understanding the transfer of ownership and the legal responsibilities that come with holding title to the real estate. While title holder and beneficiary may seem relevant, they do not specifically address the individual involved in the transaction at the time of conveyance. The title holder may refer more broadly to someone who holds the title after the transaction, while a beneficiary is typically involved in situations like trusts or insurance policies, rather than direct property conveyance.

The individual who receives a conveyance of real property in a transaction is referred to as the grantee. In property transactions, the grantor is the person who transfers or conveys the property, while the grantee is the recipient of that transfer. This role is essential in real estate as it establishes legal ownership and the rights associated with the property.

In this context, the grantee is the party that will hold the title to the property once the transaction is complete. This distinction is crucial for understanding the transfer of ownership and the legal responsibilities that come with holding title to the real estate.

While title holder and beneficiary may seem relevant, they do not specifically address the individual involved in the transaction at the time of conveyance. The title holder may refer more broadly to someone who holds the title after the transaction, while a beneficiary is typically involved in situations like trusts or insurance policies, rather than direct property conveyance.