What is the purpose of a deed in real estate?

The purpose of a deed in real estate is fundamentally to serve as a written instrument that facilitates the transfer of ownership of land from one party to another. This document is crucial because it officially conveys the rights and interests a seller has in the property to the buyer, ensuring that the transaction is legally recognized and enforceable. A deed includes pertinent information such as the names of the parties involved, a description of the property being transferred, and the signature of the grantor (the person transferring the property).

While other options touch on various aspects related to real estate, they do not capture the primary role of a deed in this context. For instance, detailing tax obligations, resolving disputes, or describing property boundaries are important elements in real estate transactions, but they serve different purposes and functions outside of the primary purpose of a deed. Thus, the significance of a deed is centered around its role in establishing ownership and facilitating the transfer of property rights.