What term is used to describe a tool that transfers a grantor's interest in real property?

Prepare for the Georgia Real Estate Pre-Licensing Test with comprehensive flashcards and multiple choice questions, complete with hints and explanations. Set yourself up for success!

The term "Instrument of Conveyance" refers to any legal document that is used to transfer the ownership or interest in real property from one party (the grantor) to another (the grantee). This concept encompasses various documents, but in real estate, it is most commonly associated with a deed, which is a specific type of instrument used for this purpose.

While "deed" is a specific kind of instrument of conveyance, the broader term accurately encompasses different forms of property transfer documents. Therefore, "Instrument of Conveyance" correctly captures the general idea of transferring interest in real property.

The other options, while related to real estate, do not fully convey the correct legal terminology associated with the transfer of interest. For instance, "Title Transfer Document" suggests a document related to the ownership title specifically but lacks the specificity of being a legally recognized document for transfer. Meanwhile, "Real Estate Lease" pertains to the rental agreement rather than a transfer of ownership, which further clarifies why "Instrument of Conveyance" is the appropriate term to describe the tool for transferring a grantor's interest in real property.

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