What is the official document transferring ownership from seller to buyer?

• A. Mortgage
• B. Deed
• C. Lease
• D. Title Certificate

Answer: (B)

The key document that transfers ownership from seller to buyer is the deed. The deed is the instrument that conveys the buyer’s title to the property from the seller, and it must clearly identify the parties, include a grant clause, describe the property, be properly executed and delivered, and typically be registered in the land titles system to affect the transfer against others. A mortgage is simply a loan secured by the property and does not transfer ownership. A lease transfers possession for a period but not ownership. A title certificate shows who currently owns the property as evidence of ownership after the transfer, not the instrument that transfers it. Therefore, the deed is the official document that transfers ownership.