Who is the buyer of real property after the deed is executed?

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Study for the Chartered Property Casualty Underwriter 530 Exam with flashcards and multiple choice questions. Each question has hints and explanations to enhance your understanding and prepare you thoroughly.

Multiple Choice

Who is the buyer of real property after the deed is executed?

Explanation:
In real property transfers, the deed names who conveys and who receives title. The party who signs and delivers the deed to transfer ownership is the grantor, and the party who receives the deed is the grantee. Once the deed is executed and delivered, title passes to the grantee, so the buyer becomes the owner as the grantee. Vendor and vendee are older terms used in a contract for sale (seller and buyer), but after the deed is executed, the buyer’s status is best described as the grantee and owner.

In real property transfers, the deed names who conveys and who receives title. The party who signs and delivers the deed to transfer ownership is the grantor, and the party who receives the deed is the grantee. Once the deed is executed and delivered, title passes to the grantee, so the buyer becomes the owner as the grantee. Vendor and vendee are older terms used in a contract for sale (seller and buyer), but after the deed is executed, the buyer’s status is best described as the grantee and owner.

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