Who is considered the transferor in a real estate transaction?

Prepare for the Louisiana Broker Test with comprehensive questions and detailed explanations. Use our study tools to boost your confidence and ace the exam.

In a real estate transaction, the transferor is defined as the party who holds the title to the property and is conveying ownership to another party. In this case, the seller fits that definition perfectly because they are the individual or entity that owns the property and is legally transferring their interest in it to the buyer through a sale.

The buyer is the recipient in this transaction, acquiring the property from the seller. The broker's role is to facilitate the transaction, providing services to both parties but not being a transferor themselves. Similarly, the agent, typically representing the broker, also does not own the property and thus cannot be considered a transferor. Their function is to assist in the sales process rather than to convey ownership. Therefore, the seller is clearly identified as the transferor in any standard real estate transaction.

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