Question 50

The person conveying an ownership interest in real property is known as the grantor.

In real estate transactions, the individual who transfers their ownership interest to another party is referred to as the grantor.

A) grantor.

This option is correct because the grantor is the party that conveys the title or ownership interest in real property to another individual, typically through a deed.

B) grantee.

The grantee is the recipient of the property in a transaction, not the one conveying the ownership. Therefore, this option is incorrect as it does not describe the person who transfers ownership.

C) mortgagor.

A mortgagor is the borrower in a mortgage agreement who gives the lender (mortgagee) a security interest in the property. This term does not refer to the person conveying ownership, making it an incorrect choice.

D) mortgagee.

The mortgagee is the lender in a mortgage transaction who receives the security interest in the property. This role is distinct from that of the grantor, thus this option is also incorrect.

Conclusion

The grantor is the correct term for the person who conveys an ownership interest in real property, as they are the ones transferring the title. All other options describe different roles in property transactions that do not involve the act of conveying ownership.