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In this tutorial, Joe from Prep Agent explains bargain and sale deeds and the concept of a deed in real estate. A deed is a legal document that proves the transfer of title, or ownership, of real property. The person selling the property, called the grantor, signs the deed to transfer rights to the buyer, known as the grantee. Various types of deeds exist, including warranty deeds, quitclaim deeds, and bargain and sale deeds, with the appropriate type depending on the property's circumstances. General warranty deeds are commonly used due to the extensive warranties they provide regarding ownership.
