What signifies a "deed" in real estate transactions?

In real estate transactions, a deed is a legal document that signifies the transfer of ownership of property from one party to another. It serves as evidence of the transfer and outlines the granting of rights to the new owner. A deed typically includes important details such as the names of the parties involved, a description of the property, and any relevant terms or conditions.

This document is essential in real estate transactions because it provides the necessary proof of ownership and is an important part of the public record. Once properly executed and delivered, the deed conveys title to the property, allowing the new owner to exercise their rights and responsibilities regarding the property.

In contrast, the other choices do not represent the concept of a deed. A promise to repay a debt pertains to financial obligations rather than property transfer. A loan agreement for purchasing property relates to financing and does not signify ownership transfer itself. A listing of properties for sale is simply a marketing tool that shows available real estate but does not involve the actual transfer of ownership. Therefore, the definition of a deed as a document that transfers property ownership is both accurate and essential in understanding real estate practices.