What is the role of a grantor in a real property transaction?

In a real property transaction, the grantor is the individual who conveys ownership rights to another party. This role is critical because the grantor typically executes a deed, which is a legal document that formalizes the transfer of property ownership. By doing so, the grantor relinquishes their interest in the property, allowing the grantee—who is the individual receiving the ownership rights—to take possession.

The importance of the grantor's role comes into play in ensuring that the transfer is legally binding and that all necessary formalities are followed, such as proper execution of the deed and, in some cases, notarization. This clear distinction in roles is vital for the integrity of real estate transactions, as it establishes who is transferring property rights and under what conditions, ultimately ensuring a smooth transfer of title.

Roles such as receiving ownership rights, financing the transaction, or overseeing the auction process do not align with the specific responsibilities and actions associated with a grantor in a property transaction.