Which of the following best describes a "grantee" in a real estate transaction?

In a real estate transaction, the term "grantee" specifically refers to the individual or entity that receives property through a legal transfer, such as a deed. The grantee is the party that holds ownership rights after the transaction is completed. This role is crucial in the transfer of ownership, as it signifies who will have control and responsibility for the property moving forward.

In contrast, the person giving the property is known as the grantor, while a third party may refer to various participants in the transaction, such as lenders or inspectors, who do not directly transfer property nor take ownership. The agent who handles negotiations may facilitate the transaction but does not actually receive the property. Thus, identifying the grantee as the recipient provides clarity on their role in real estate transfers.