National Real Estate Practice Exam

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What is the role of a grantee in real estate?

Landlord
Buyer
Seller
Tenant

The correct answer is: Buyer

The role of a grantee in real estate is specifically associated with the party who receives an interest in property, typically through a deed. When a buyer acquires property, they are referred to as the grantee. This person is the individual or entity that accepts the transfer of property rights from the seller (grantor) and is therefore responsible for the property upon the completion of the transaction. Understanding this terminology is crucial in real estate transactions, as it delineates the responsibilities and rights held by each party involved. In a standard property transfer, once the buyer pays for the property, they officially become the grantee, taking on ownership and all related obligations. This distinction is fundamental in understanding various roles within property transactions, including legal documentation and ownership rights.