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Daryl Baskin from eXp Realty in Tulsa, Oklahoma discusses the possibility of splitting a real estate deed into two separate deeds. Reasons for doing this include property development or having multiple owners. Instead of splitting the deed, alternative solutions like tenants in common or creating an LLC can be considered. With an LLC, owners are part of one entity that owns the property, allowing for shared ownership and a management agreement. Splitting deeds may not be necessary in these situations.