What is the term for the document used to affect a transfer in real estate?

The term "deed" refers to a legal document that conveys ownership of real property from one party to another. When a person sells or transfers property, they execute a deed to officially effect the transfer. This process is necessary to provide legal proof of ownership for the new proprietor.

A deed contains important information, such as the names of the parties involved, a description of the property, and any relevant clauses regarding the transfer. It serves as the legal instrument that makes the transaction binding and enforceable.

While the term "mortgage" often comes into play in real estate transactions, it refers to a security interest in property rather than the actual transfer of ownership. Therefore, while "mortgage agreement" is related and could be integral in financing the property, it does not serve the same purpose as a deed.

The term "transfer agreement" is not a standard phrase used in real estate for actual ownership transfer; rather, it may refer to various contractual agreements but lacks the legal implications and established recognition of a deed.

"Title Note" does not accurately describe a document that affects a transfer. Title refers to the legal right to ownership rather than the instrument used to transfer this right.

In summary, the deed is the correct and legally recognized document used