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Title and deed are often used interchangeably in real estate, but they are not the same thing. Title refers to ownership of the property, described as a bundle of rights that come with owning a property. Each "stick" in the bundle gives you a different right, such as conveying, leasing, encumbering, or possessing the property. Deed, on the other hand, is a legal document that transfers the title from one party to another. Understanding the distinction between title and deed is essential for real estate agents and anyone interested in becoming one.