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A deed is a legal document that serves as evidence of property ownership transfer in real estate, containing the transferor's signature, transaction date, parties' names, and property description. The two primary types of deeds discussed are the general warranty deed and the special warranty deed. A warranty deed provides the grantee with a guarantee that the grantor possesses legal title to the property, assuring the buyer that the seller has the right to sell it. While recording a warranty deed is not mandatory, if the deed is recorded, it must be acknowledged.