Virginia State Real Estate Exam Practice Question
The person conveying an ownership interest in real property is known as the
Correct Answer: A
Rationale: The individual conveying an ownership interest in real property is referred to as the grantor. This person transfers the title to the grantee, who receives the ownership interest.
Option B, grantee, is incorrect as it identifies the recipient, not the one conveying the property.
Option C, mortgagor, refers to a borrower who pledges property as security for a loan, while option D, mortgagee, indicates the lender in a mortgage agreement. Both terms relate to financing rather than the transfer of ownership. Thus, grantor is the appropriate term for the person transferring property rights.
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