Who is the grantee in a property transaction?

In a property transaction, the grantee is the party receiving the title transfer, commonly referred to as the buyer. This is an important concept in real estate as it signifies the transfer of ownership from one entity to another. Understanding the roles in a property transaction is crucial for clarity; the buyer is the individual or entity that acquires the property and thus is considered the grantee.

The seller, who is usually referred to as the grantor, conveys the property to the grantee. Government officials may play roles in overseeing the legality of the transaction or ensuring proper documentation, but they do not become parties to the title transfer. Similarly, while a bank may provide financing for the transaction, it does not receive ownership of the property; its role is separate from that of the grantee. Thus, the answer accurately identifies the grantee as the individual or entity benefiting from the ownership transfer in a property transaction.