In property transactions, what role does a grantor play?

Prepare for the Illinois Notary Exam. Study with flashcards and multiple choice questions, each question offers hints and explanations. Get ready for your test!

In property transactions, the grantor is the individual who transfers ownership of real property through a deed. This transfer involves the grantor conveying their rights and interests in the property to another party, known as the grantee. The process of transferring a deed is a legal mechanism that ensures that the title of the property moves from the grantor to the grantee, making the grantee the new owner.

Understanding the role of the grantor is crucial in property transactions, as it serves as the basis for the legal transfer process. The grantor must sign the deed to make the transfer legally binding, and they typically must also provide certain warranties regarding the property, such as affirming that they possess clear title to it. This distinguishes the grantor’s responsibilities from those of a grantee, who is the recipient of the property rights.

The other options, while related to different roles within property transactions or legal contexts, do not accurately represent the function of a grantor. For instance, the individual receiving a deed is the grantee, while the mention of responsibility for the care of a minor relates to guardianship, and verifying the identity of the seller pertains to notarial duties rather than the grantor's role.

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