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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. This could be done for reasons such as property development or having multiple owners. Instead of splitting the deed, other options like tenants in common or creating an LLC may be more suitable. With an LLC, owners have ownership through the entity, allowing for management agreements and percentage ownership of the property without the need to split deeds.