What is the main purpose of a deed in real estate transactions?

The main purpose of a deed in real estate transactions is to serve as a legal document that facilitates the transfer of ownership rights from one party to another. A deed embodies the intention of the parties involved to convey property and includes essential details such as the description of the property, the names of the grantor (the seller) and grantee (the buyer), and the signature of the grantor. By executing and delivering a deed, the seller formally transfers their interest in the property to the buyer, thereby establishing the buyer’s ownership rights.

This process is crucial in real estate because it not only signifies the transfer of title but also provides a legal record of ownership, which can be important for establishing rights, responsibilities, and potential claims against the property in the future. Unlike other options, such as forms for property taxes, leases, or mortgage documents, a deed specifically focuses on the ownership aspect of real estate transactions, which is why option A is the correct choice.