Kovats Real Estate School Practice Test 2025 - Free Real Estate Practice Questions and Study Guide

Title transfer refers specifically to the legal process through which ownership of a property is conveyed from one party to another. This process is a critical part of real estate transactions, as it ensures that the buyer becomes the recognized owner of the property and acquires the rights associated with that ownership. Title transfer typically involves the drafting and execution of a deed, which serves as the official document that confirms this change in ownership.

This legal process not only involves the parties to the transaction but may also require the intervention of legal professionals, such as real estate attorneys, to ensure that all aspects of the transfer comply with local laws and regulations. Additionally, a title search may be performed to verify that the title is clear of any liens or encumbrances, making the transition of ownership legitimate and secure.

The other options represent related but distinct concepts: a document that outlines property ownership history refers to title abstracts or reports; filing property taxes pertains to the assessment and payment of taxes owed; and registering a new mortgage involves a different procedure concerning securing financing against the property. Understanding the distinction between these processes helps clarify the significance of title transfer in real estate.