What is a deed primarily considered as?

Study for the Indiana 90-Hour Broker Course Exam. Master key concepts with multiple-choice questions, detailed explanations, and expert tips. Prepare thoroughly for success!

A deed is primarily considered an ownership document because it serves as the official legal instrument that conveys ownership of real property from one party to another. It contains a description of the property and is executed by the grantor, thereby providing evidence of the transfer of title. Once the deed is delivered and accepted, the grantee becomes the rightful owner of the property.

While other documents like a sales agreement or lease agreement may relate to the transaction or use of property, they do not establish ownership like a deed does. The phrase "title document" may also seem relevant, but title refers to the legal concept of ownership itself, rather than the physical document that conveys that ownership, which is specifically the deed. Thus, the most accurate description of a deed's purpose is as an ownership document.

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