Who is referred to as the grantee in a real estate transaction?

In a real estate transaction, the term "grantee" refers specifically to the individual or entity that receives the title to the property, which is granted through the deed. Therefore, the buyer, who is acquiring ownership and taking legal possession, is considered the grantee. This designation is foundational in property law, as it defines the parties involved in the transfer of property rights.

The significance of identifying the grantee lies in the principles of ownership transfer; as the person or entity named as the grantee on the deed, the buyer is granted legal claim and rights to the property. This aspect is essential for the execution of the transaction and the subsequent responsibilities of the new owner.

In contrast, parties such as the seller, the agent, or the lender play distinct roles in the transaction but do not hold the title to the property being conveyed. The seller is the individual or entity transferring ownership, the agent is the facilitator of the transaction, and the lender may provide financing for the purchase but does not become the owner of the property unless there is a default on the loan.