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This lesson discusses the transfer of title to real property by deed, emphasizing that there are various ways to acquire title, such as through wills, intestate succession, and adverse possession. However, the most common way for a living person to transfer title is through a deed, which is distinct from a contract as it does not require a bargained-for exchange. Deeds can be used to transfer real property to another person, even as a gift without any exchange of value.