Who is referred to as the grantor in a property transaction?

Prepare for the Nevada Key Realty Test with our set of flashcards and multiple choice questions. Each question comes with hints and explanations to help you succeed. Get exam-ready!

In a property transaction, the grantor is the person transferring real property. This role typically involves the owner or seller who is conveying their ownership rights to the buyer. The grantor is responsible for providing the necessary legal documents that signify the transfer of ownership, such as a deed, and must ensure that they are properly executed and delivered to formalize the transaction.

The buyer of the property is not referred to as the grantor; instead, the buyer's role is that of a grantee—they are the ones receiving the property. The lender of the mortgage, while involved in financing the property purchase, does not transfer ownership and thus is not the grantor in this context. Lastly, a real estate agent facilitates the transaction but does not transfer property rights, so they also do not hold the title of grantor. Therefore, the correct and specific designation of grantor clearly reinforces the understanding of property transfers and the roles involved.

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