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Deeds are used in real estate transactions to transfer property, with three common types being general warranty, special warranty, and quit claim deeds. A deed is a legal document that conveys ownership and title from a grantor to a grantee. General warranty deeds offer the most guarantees and protection for buyers, with the seller promising clean title and authority to sell the property. Special warranty deeds and quit claim deeds have different levels of protection and guarantees. Understanding the differences between these deed types is important in real estate transactions.