Who is referred to as a grantee?

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

The term "grantee" refers specifically to an individual who receives a deed of real property from a grantor. In real estate transactions, the grantor is the party transferring the property, while the grantee is the party taking ownership of that property. This relationship is fundamental in property law, as it delineates the transfer of rights and responsibilities associated with the ownership.

Understanding the roles of grantee and grantor is crucial in real estate transactions, as it clarifies who is giving up rights to the property and who is obtaining them. The grantee, upon receiving the deed, gains the legal title to the property and all the rights that come with ownership. This distinction is also significant in legal documentation, ensuring that all transfers are recorded correctly for future reference.

The other options provided do not accurately define the term "grantee" within the context of property transactions, as they either describe roles involved in the transaction (transferring or managing property) or imply actions (providing legal advice) not directly related to the grantee's role in receiving property.

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