Which document is used to transfer ownership of property?

Prepare for the UCF FIN2100 Midterm 2 Exam. Study flashcards and multiple choice questions with hints and explanations for better understanding. Equip yourself for success!

The document that is used to transfer ownership of property is a deed. A deed is a legal instrument that conveys title to real estate from one party to another. It includes essential details such as the names of the parties involved, a description of the property, and the signature of the grantor. The signing of a deed signifies the grantor's intention to transfer ownership, making it the primary document used for this purpose.

In comparison, while a mortgage deed is related to property ownership, it specifically pertains to the loan secured by the property and does not transfer ownership itself. The title represents ownership but is not the document that conveys that ownership. A property listing is merely a marketing tool used to advertise a property for sale and does not play a role in transferring ownership. Thus, the deed stands out as the correct answer for transferring property ownership.

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