Which document is typically used to transfer ownership of real property?

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Study for the Real Estate Course 3 Exam. Enhance your skills with comprehensive flashcards and multiple-choice questions. Each question comes with hints and explanations. Gear up for your success!

The correct document used to transfer ownership of real property is the deed. A deed is a legal instrument that conveys title from one party to another, establishing legal ownership of the property. It provides details such as the names of the parties involved, a description of the property, and the signatures of the grantor (the person transferring the property) and often the grantee (the person receiving the property).

In contrast, a bill of sale is primarily used for the transfer of personal property rather than real estate. A lease agreement creates a rental arrangement between a landlord and tenant, allowing one party to occupy a property owned by another but does not transfer ownership. A mortgage note is a financial document that outlines the terms of a loan obtained to purchase a property, but it does not convey ownership itself. Therefore, the deed is specifically designed for the purpose of transferring real property ownership, making it the correct choice.

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