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Property deeds and titles are often erroneously considered the same thing, but they actually serve different purposes. In real estate, title signifies ownership, while a deed acts as evidence of the transfer. The analogy of a lunchbox with a name tag representing ownership and the receipt indicating transfer helps clarify this distinction. Title is essentially a concept denoting legal ownership, granting the right to occupy and utilize a property as desired. It is crucial for the real estate exam to understand the nuances between these two elements.