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A deed is a legal document that serves as evidence of property ownership transfer in real estate. It typically includes the signatures of the parties involved, the transaction date, and a description of the property. The main focus is on two types of deeds: the general warranty deed and the special warranty deed. A warranty deed guarantees the grantee that the grantor has legal title to the property, meaning the seller certifies ownership and the right to sell. While recording a warranty deed is not mandatory, if it is recorded, the document must be acknowledged. The tutorial emphasizes understanding these key concepts for the real estate exam.