What is the purpose of a real estate deed?

The purpose of a real estate deed is to convey land ownership. A deed is a legal document that formally transfers the title of property from one party to another. It includes details such as the description of the property, the names of the grantor (the seller) and the grantee (the buyer), and the signature of the grantor. This transfer of ownership is essential in real estate transactions as it establishes and records who legally owns the property in question.

The other options do not reflect the primary purpose of a deed. While updating insurance information and determining rental agreements are important aspects of property management, they are not related to how land ownership is transferred. Securing financing is a different process that typically involves other documents, such as a mortgage or loan agreement, not a deed. Thus, the emphasized role of a real estate deed is centered on establishing and transferring ownership rights rather than the other aspects mentioned.