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A deed is a legal document that serves as evidence of property ownership transfer in real estate. It includes the signatures of the transferring party (grantor), the transaction date, the parties' names, and a description of the property. Focusing on warranty deeds, these provide a guarantee from the grantor to the grantee that the grantor holds legal title to the property and has the right to sell it. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged. Various types of deeds exist, but the general warranty deed and special warranty deed are typically emphasized in real estate studies.