In a real estate transaction, who is referred to as the transferor?

In a real estate transaction, the term "transferor" specifically identifies the party who transfers their interest in a property to another party. This is typically the seller, as they are the individual or entity that conveys ownership rights of the property to the buyer. The transferor executes the necessary legal documents, such as the deed, to facilitate this transfer of ownership.

In the context of a real estate deal, the buyer is the recipient of this transfer and is thus referred to as the transferee, not the transferor. The lender does not transfer property ownership; rather, they provide financing for the purchase, and the agent acts as a facilitator in the transaction, representing either the buyer or the seller but not transferring ownership themselves.

Understanding these roles helps clarify the dynamics of real estate transactions, particularly in the legal framework concerning property ownership transfer.