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A deed and title are often assumed to be the same thing, but they serve different purposes. In real estate, title represents ownership rights while a deed is evidence of the transfer. Title is the legal ownership of a property, giving you the right to use and live in it. It is not a physical piece of paper, but a concept that signifies ownership. Just like a receipt proving transfer of ownership, a deed serves as evidence of the transfer of property rights from one party to another.