What is the term for the legal process used to transfer ownership or title of real property?

Prepare for the AREC Arkansas Broker Exam. Study with flashcards and multiple choice questions, each question offers hints and explanations. Get ready for success!

The legal process used to transfer ownership or title of real property is known as conveyance. This term encompasses all the methods and processes involved in the transfer of real estate from one party to another. Conveyance usually includes the preparation of a deed, which is a legal document that conveys the title to the property and must be executed according to specific legal requirements to be valid.

Conveyance is essential in real estate transactions, providing a clear framework for how ownership is officially recorded and transferred. It ensures that the rights to the property are fully transferred from the seller to the buyer, safeguarding both parties and providing a legal basis for ownership.

The other options represent different concepts that do not specifically refer to the overall process of transferring real property ownership. Title transfer might seem relevant but is not the formal term used in legal contexts. An easement refers to a right to use another person's land for a specific purpose, rather than transferring ownership. Endorsement typically relates to signing a document to confirm approval rather than a process of conveyance. Thus, conveyance is the most accurate term for this legal process.

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